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Price of Gas?? Could This Be True?? Are We Being Duped??

Published:

A email buddy sent me this. I haven't verified any of the info. If this is true, why hasn't our elected officials done something? I intend to send a copy of this to everyone of my elected officals.

 

Subject: The cost of gas (INTERESTING)


Subject: Fw: the cost of gas please pass this on to everyone you know!


Like you, I've been absolutely blown away by what has happened to the price
of a gallon of gas. More like just plain MAD! But it's time (way past
time, obviously) for all of us to put up, or shut up. And by that I mean
quit belly-aching to one another (trust me - I do it as well - so I'm
talking to myself, too, here!) ... and DO SOMETHING. And trust me ... not
buying gas from one or two of the 'Big Boys' for a month, or electing to not
buy gas on a given day is not the answer. The answer is one I know you
know, and have heard many times before from people a lot more well-versed in
this than me: LESSENING our dependence on foreign oil.

Just poking around the Internet recently, I simply "Googled" the search
"Untapped U.S. Oil Reserves," and the result (like the current price of a
gallon of gas - BLEW ME AWAY! Go ahead, take a minute and see for youself!
Never mind, I'll share some of the highlights I found.

1. Ever heard of the Bakken Formation? GOOGLE it. I did, and again, BLEW
my mind. The U.S. Geological Service issued a report in April ('08) that
only scientists and oilmen/women knew was coming, but man was it big. It
was a revised report (hadn't been updated since '95) 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.
a.. "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.
b.. "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." And 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 41 years
straight.

2. [And if THAT didn't throw you on the floor, then this next one should -
because it's from TWO YEARS AGO, people!]

U.S. Oil Discovery- Largest Reserve in the World!
Stansberry Report Online - 4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains
lies the largest untapped oil reserve in the world is more
than 2 TRILLION barrels. On August 8, 2005 President Bush
mandated its extraction.

[(???) What the!??]

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
-18-times as much oil as Iraq
-21-times as much oil as Kuwait
-22-times as much oil as Iran
-500-times as much oil as Yemen - and it's all right here in the Western
United States.

[HOW can this BE!? HOW can we NOT BE extracting this!? Because we've not D
E M A N D E D Legislation to come out of Washington allowing its extraction,
that's 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 "Big Oil" will drop its price - even with this find? Think
again! It's all about the competitive marketplace, and if they can extract
it (here) for less, they can afford to sell it for less - and if they DON'T,
others will. It will come down - it has to.
----


[Got your attention/ire up yet? Hope so! Now, while you're thinking about
it ... and hopefully P.O'd, do this:

3. Take 5-10 minutes and compose an e-mail; fax or good old-fashioned
letter to our elected officials in Washington ... and their respected
leaders. We'll start with them, and here's how you can send them your
e-mail/fax, DEMANDING the immediate Legislation/an Energy PLAN that calls
for tapping into these (OUR OWN!) Reserves, as well as allowing for the
offshore drilling for OUR oil, in OUR offshore waters and Inter-continental
shelf ... not to mention Alaska. Technology ain't what it used to be people
(ever had arthroscopic surgery?). They can surgically extract OUR oil, and
get us on the way to at least some measure of Energy independence.

You don't take a little time to do this, then you should stifle yourself the
next time you want to complain about gas prices ... because by doing
NOTHING, you've forfeited your right to complain.



Current Congressional Leadership
Senate Leadership

Title
Member Name
DC Phone
DC FAX
Electronic Correspondence

President Pro Tempore
Robert C. Byrd (D-WV)
202-224-3954
202-228-0002
http://byrd.senate.gov/byrd_email.html

Majority Leader
Harry Reid (D-NV)
202-224-3542
202-224-7327
http://reid.senate.gov/contact/index.cfm

Minority Leader
Mitch McConnell (R-KY)
202-224-2541
202-224-2499
http://mcconnell.senate.gov/contact_form.cfm

Minority Whip
Jon Kyl (R-AZ)
202-224-4521
202-224-2207
http://kyl.senate.gov/contact.cfm



House Leadership

Title
Member Name
DC Phone
DC FAX
Electronic Correspondence

Speaker
Nancy Pelosi (D-CA)
202-225-4965
202-225-4188
sf.nancy@mail.house.gov

Majority Leader
Steny H. Hoyer (D-MD)
202-225-4131
202-225-4300
http://hoyer.house.gov/contact/email.asp

Majority Whip
James E. Clyburn (D-SC)
202-225-3315
202-225-2313
http://clyburn.house.gov/zip_code_verify.cfm

Minority Leader
John A. Boehner (R-OH)
202-225-6205
202-225-0704
http://www.house.gov/writerep/

Minority Whip
Roy Blunt (R-MO)
202-225-6536
202-225-5604
http://www.blunt.house.gov/Contact.aspx




And, our Ohio elected officials:

Residents of Ohio are represented in Congress by 2 Senators and 18
Representatives.

Member Name
DC Phone
DC FAX
Electronic Correspondence

Senator George Voinovich (R- OH)
202-224-3353
202-228-1382
http://voinovich.senate.gov/public/index.cfm?
FuseAction=Contact.ContactForm

Senator Sherrod Brown (D- OH)
202-224-2315
202-228-6321
http://brown.senate.gov/contact/

Representative Steve Chabot (R - 01)
202-225-2216
202-225-3012
http://www.house.gov/writerep/

Representative Jean Schmidt (R - 02)
202-225-3164
202-225-1992
http://www.house.gov/schmidt/contact.shtml

Representative Mike Turner (R - 03)
202-225-6465
202-225-6754
http://www.house.gov/miketurner/IMA/contact.shtml

Representative Jim Jordan (R - 04)
202-225-2676
202-226-0577
http://jordan.house.gov/contactform_zipcheck.shtml

Representative Robert E. Latta (R - 05)
202-225-6405
202-225-1985
http://latta.house.gov/contactform_zipcheck.shtml

Representative Charles Wilson (D - 06)
202-225-5705
202-225-5907
http://www.charliewilson.house.gov/index.php?
option=com_content&task=view&id=139

Representative David L. Hobson (R - 07)
202-225-4324
202-225-1984
http://hobson.house.gov/contact.aspx

Representative John A. Boehner (R - 08)
202-225-6205
202-225-0704
http://www.house.gov/writerep/

Representative Marcy Kaptur (D - 09)
202-225-4146
202-225-7711
http://www.kaptur.house.gov/index.php?
option=com_content&task=view&id=152

Representative Dennis J. Kucinich (D - 10)
202-225-5871
202-225-5745
http://www.house.gov/writerep/

Representative Stephanie T. Jones (D - 11)
202-225-7032
202-225-1339
http://www.house.gov/formtubbsjones/ic_zip_auth.htm

Representative Patrick J. Tiberi (R - 12)
202-225-5355
202-226-4523
http://www.house.gov/writerep/

Representative Betty Sutton (D - 13)
202-225-3401
202-225-2266
http://sutton.house.gov/about/emailform.cfm

Representative Steve C. LaTourette (R - 14)
202-225-5731
202-225-3307
http://latourette.house.gov/ContactSteve.aspx

Representative Deborah Pryce (R - 15)
202-225-2015
202-225-3529
http://www.house.gov/pryce/IMA/write.html

Representative Ralph Regula (R - 16)
202-225-3876
202-225-3059
http://regula.house.gov/zipauth.html

Representative Tim Ryan (D - 17)
202-225-5261
202-225-3719
http://timryan.house.gov/index.php?option=com_content&
task=view&id=129&Itemid=42

Representative Zack T. Space (D - 18)
202-225-6265
202-225-3394
http://space.house.gov/?sectionid=61§iontree=2661

Entry #1

Comments

1.
JAP69Comment by JAP69 - May 23, 2008, 5:40 pm
As foriegn oil becomes depleted what country will have the leverage on oil then?
Purchase and use theirs first and have our oil to feed our useage.
As far as the high price of oil goes they should take a look at the commodity trading in oil. Commodity prices are built on fear of not having.
They predict a bad year for coffee beans the speculators run up the price. Goes for anything traded on the commodity exchange.
2.
JAP69Comment by JAP69 - May 23, 2008, 5:47 pm
I am quite sure the politicans already know about the oil that can be produced within the U.S.A.
They do not tell us everything you know.
The politicans jumped all over the oil exec's on this oil price deal.
Just a big front to throw the blame on someone else other than themselves.
During the hearings with the exec's the exec's were pointing out about what could be produced by the U.S. oil reserves and the politicans did not want to hear that.
3.
sysp34Comment by sysp34 - May 23, 2008, 10:09 pm
well i think it true

But Energy Secretary Samuel Bodman said Thursday he did not support the idea of selling oil from the reserves to try to drive down oil prices.

The petroleum reserve "is meant to deal with ... the physical interruption of the flow of oil to our country. We don't have that issue today," Bodman told a House hearing.

http://www.msnbc.msn.com/id/24778287/page/1/
http://www.msnbc.msn.com/id/24778287/page/2/

i though increasing oil prices recently "controlled" by biggest financial institutions who lost on subprime mortgage on last year so they will get even as a results they playing around with oil prices in order to get capital gain.

maybe if US selling the petroleum reserve and sold at $50 it would be excellent but it depend on politicians because their budget will be cut so they can not continue expensive spending

well today in here the gasoline price increased at 28.7%
4.
jarasanComment by jarasan - May 24, 2008, 8:15 pm
Everytime an incumbent is re-elected we are being duped.   Every new law is a dupe, global warming is a dupe. I've mentioned this before around here, the media is hiding this Bakken resource, even duma$$ Hannity and Colmes, FOX, Rush Limbaugh, the people I thought we could count on to push this thing are quiet as dead mice. It is starting to bother me. This is not a "reserve" this is a massive oil field it is a "retrievable resource".
5.
ThinkComment by Think - May 24, 2008, 10:03 pm
Yawwwnnnn Oil shale is old news. Read some more google links. I can remember oil shale being talked about years ago.

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