Comment #5

Think — Sun, 25 May 2008 02:03:21 GMT

Yawwwnnnn Oil shale is old news. Read some more google links. I can remember oil shale being talked about years ago.

Comment #4

jarasan — Sun, 25 May 2008 00:15:44 GMT

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".

Comment #3

sysp34 — Sat, 24 May 2008 02:09:40 GMT

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... [ More ]

Comment #2

JAP69 — Fri, 23 May 2008 21:47:40 GMT

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.

Comment #1

JAP69 — Fri, 23 May 2008 21:40:53 GMT

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.

Original Blog Entry: Price of Gas?? Could This Be True?? Are We Being Duped??

CARBOB — Fri, 23 May 2008 21:21:07 GMT

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

... [ More ]