And today, I came across several articles that again show that not only is oil production not affected by Libyan events, but according to this article from Rumor Mill News, at www.rumormillnews.com, there may be more oil sitting in the ground in the United States right now than all of the Middle East combined! Here is that article for my own readers to view:
AND THEY THOUGHT THE AMERICAN PEOPLE WOULD NEVER FIND THIS OUT!? [VKD]
You "will" pay $5 a gallon + again and you won't complain loud enough to make a difference, RIGHT!
Here's an astonishing read. Important and verifiable information :
The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana ..... check THIS out:
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5...3 trillion.
"When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst.
"This sizeable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana , through North Dakota and into Canada . For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago.
However, a recent technological breakthrough has opened up the Bakken's massive reserves..... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!
That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006!
U.. S. Oil Discovery- Largest Reserve in the World
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this mother load of oil why are we still fighting over off-shore drilling?
They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:
- 8-times as much oil as Saudi Arabia
HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?
James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?
Got your attention yet? Now, while you're thinking about it, do this:
Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
By the way...this is all true. Check it out at the link below!!!
NTS Notes: I have been searching for the real reasons why the price of crude oil is well above the $100 US dollar mark and escalating, and the real reason may be staring us right in our face... The World price of petroleum is not rising because of falling production, but is rising because of the falling value of the US dollar itself!
With all of the fluff in the media about washed up Hollywood actor and cocaine addict, Carlos Estevez, and other BS propaganda, the American public has been kept fully unaware that their money is right now in catastrophic free fall, with the bottom no where in sight. The fact is that OPEC and other nations still use the US dollar as its base for trade, and logically with the collapse of value of the US dollar, the price of a barrel of oil goes up as the net result!
Bottom line: The real sad part is that the general public is lied to by their media when they falsely claim that world prices of oil are rising due to Libyan unrest. The real truth is that the currency that petroleum is based upon is in serious free fall!
I do believe in the information from this Rumor Mills article, due to the fact that not only is this planet actually awash in petroleum, but the entire scare mongering of "Peak Oil" itself is a massive fraud just to keep oil prices artificially high. I want to remind readers that I put up an article a while back exposing the entire Peak Oil scam and fraud... But just in case you missed it, here is the link here:
Again, the truth really does hurt....So when the hell will the public finally wake up?
More to come