Oil Reports

[wheel_nut]

What do you believe? Can you trust the internet and other sources of information? Do you trust government departments?

I am not sure what to believe anymore.

Here’s an astonishing read - Important and verifiable information :

About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, “I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?” Forbes did not miss a beat, he said, “more than all the Middle East put together.” Please read below.

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 sizable find is now the highest-producing onshore oil field found in the past 56 years,” reportsThe 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

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. 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

• 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 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:

Pass this along. If you don’t take a little time to do this, then you should stifle yourself the next time you complain about petrol prices - by doing NOTHING, you forfeit your right to complain.

Is there any truth in this, because if so the USA have invaded the gulf states for no other reason than a family squabble and placating a few tree huggers.

usgs.gov/newsroom/article.asp?ID=1911

[brentanna]

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.

Actually that is only partially accurate. The Bakken fields run from central Saskatchewan and Manitoba to the area around Minot ND and East almost to Helena MT. It is a high water content field with light sweet crude oil. So it is not domestic it is international A very large portion of it greater than whats in the States runs under Canada. The problem to recover the oil but at the same time retain the hyd pressure that keeps the ground from sinking. Think of it as the fluid in a hyd jack a very large hyd jack.

[carryfast]

Wheel Nut:
What do you believe? Can you trust the internet and other sources of information? Do you trust government departments?

I am not sure what to believe anymore.

Here’s an astonishing read - Important and verifiable information :

About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, “I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?” Forbes did not miss a beat, he said, “more than all the Middle East put together.” Please read below.

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 sizable find is now the highest-producing onshore oil field found in the past 56 years,” reportsThe 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

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. 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

• 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 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:

Pass this along. If you don’t take a little time to do this, then you should stifle yourself the next time you complain about petrol prices - by doing NOTHING, you forfeit your right to complain.

Is there any truth in this, because if so the USA have invaded the gulf states for no other reason than a family squabble and placating a few tree huggers.

usgs.gov/newsroom/article.asp?ID=1911

Check out where the US and Britain’s fuel supplies came from during WW2.We were’nt shipping it in from the Middle East and the yanks did’nt even need to drill in the Rockies for it either.They’ve always been self sufficient in the stuff just using the reserves in Texas and since the North Sea oil fields were found we are too.

But as usual Britain and America are more interested in providing for the needs of the global economy not just our own which inflates the demand figures and it’s not in the oil companies interests to make a buyers market by pumping more of the stuff out of the ground regardless of the actual amount of the actual reserves.So there’s no way that it would be sold for much lower prices prices and the British government would just,true to form,increase the taxation on it anyway as an ‘environmental’ anti carbon tax even,if oil prices were reduced to the levels of the pre global economy and 1970’s OPEC actions,if they did decide to turn the Rockies into an industrial wasteland .

But it’s probably true and it shows that all those who think that the oil is running out believe all the bs that they are being told by governments and oil traders to keep prices and taxes artificially high.

[brentanna]

Hey you guys want to keep it down a bit, we have the Arabs believing they have all the oil when we use theirs up we will still have ours.

[wheel_nut]

I have just got a reply from a geologist friend of mine who says the GSGS report is true, the oil is good but beware of the quantities mentioned as many companies inflate the figures to increase their share capital.

My cousin is also a geologist who works for the US Government, it will be interesting to hear his reply

The deposits are shale oil which is a light oil ideal for refining and as direct fuel. There are a couple of major sites in North America.

[44_tonne_ton]

Carryfast:

Wheel Nut:
What do you believe? Can you trust the internet and other sources of information? Do you trust government departments?

I am not sure what to believe anymore.

Here’s an astonishing read - Important and verifiable information :

About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, “I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?” Forbes did not miss a beat, he said, “more than all the Middle East put together.” Please read below.

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 sizable find is now the highest-producing onshore oil field found in the past 56 years,” reportsThe 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

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. 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

• 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 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:

Pass this along. If you don’t take a little time to do this, then you should stifle yourself the next time you complain about petrol prices - by doing NOTHING, you forfeit your right to complain.

Is there any truth in this, because if so the USA have invaded the gulf states for no other reason than a family squabble and placating a few tree huggers.

usgs.gov/newsroom/article.asp?ID=1911

Check out where the US and Britain’s fuel supplies came from during WW2.We were’nt shipping it in from the Middle East and the yanks did’nt even need to drill in the Rockies for it either.They’ve always been self sufficient in the stuff just using the reserves in Texas and since the North Sea oil fields were found we are too.

But as usual Britain and America are more interested in providing for the needs of the global economy not just our own which inflates the demand figures and it’s not in the oil companies interests to make a buyers market by pumping more of the stuff out of the ground regardless of the actual amount of the actual reserves.So there’s no way that it would be sold for much lower prices prices and the British government would just,true to form,increase the taxation on it anyway as an ‘environmental’ anti carbon tax even,if oil prices were reduced to the levels of the pre global economy and 1970’s OPEC actions,if they did decide to turn the Rockies into an industrial wasteland .

But it’s probably true and it shows that all those who think that the oil is running out believe all the bs that they are being told by governments and oil traders to keep prices and taxes artificially high.

Whether that report is true or not, I don’t know. Most of these high level politicians are in the back pocket of somebody, usually a vast business conglomerate. I believe very little that these people say as they are working to their own agendas. The one indisputable fact is that oil is running out. The only question is when exactly? Nobody knows for sure and this can only be an educated guess. Unless we discover a process to develop man made oil or reduce or need for it then it will run out one day.

[flat_to_the_mat]

It’s true alright,and top grade crude.Powers to be are biding there time until “the price is right”.

[wheel_nut]

44 Tonne Ton:
The one indisputable fact is that oil is running out. The only question is when exactly? Nobody knows for sure and this can only be an educated guess.

Well, in the original text they estimate there is enough oil for 2041 years at present day usage, that is 30 years longer since Gods lad was around and how far can you look forward?

it was him that started all this divided country malarkey in the desert

[carryfast]

Wheel Nut:

44 Tonne Ton:
The one indisputable fact is that oil is running out. The only question is when exactly? Nobody knows for sure and this can only be an educated guess.

Well, in the original text they estimate there is enough oil for 2041 years at present day usage, that is 30 years longer since Gods lad was around and how far can you look forward?

it was him that started all this divided country malarkey in the desert

By ‘present day usage’ they probably mean flogging the stuff to every other country and their dog at global OPEC type prices,like we’ve done with North Sea oil,instead of keeping it just for themselves sold at a cheap price like it was during the 1950’s-1960’s.

But the son of God would have been clever enough not to spend all the effort on drilling for oil in the Middle East without first buying the land that the oil was under,together with the pipeline route and tanker ports, freehold off the heretics for two sheep and a camel.

[newmercman]

Wheel Nut:

44 Tonne Ton:
The one indisputable fact is that oil is running out. The only question is when exactly? Nobody knows for sure and this can only be an educated guess.

Well, in the original text they estimate there is enough oil for 2041 years at present day usage, that is 30 years longer since Gods lad was around and how far can you look forward?

it was him that started all this divided country malarkey in the desert

There’s a lot of talk over here about this oil, I hope it’s true, then I can keep my ‘dinosaur’ Pete and my fuel guzzling Hemi

[gremmie]

At current prices its costing us $350 more in fuel on a round trip to California try getting that money out of a customer.

[newmercman]

Gremmie:
At current prices its costing us $350 more in fuel on a round trip to California try getting that money out of a customer.

Just as things are picking up the fuel prices are going mental, it will bollox up the recovery if it doesn’t change soon, ATM there are some decent rates going around, especially on flatbed and reefer, but the higher rates they’re being done for will eventually present cashflow issues for some and it’ll all go ■■■■ up again

The greedy oil companies are taking advantage of supply/demand, they blame instability in the ME, but it’s been unstable since the dawn of time and all the while those that wear jimmy jams and sandals have a hole between their arse cheeks it will always be unstable

[wheel_nut]

newmercman:
The greedy oil companies are taking advantage of supply/demand, they blame instability in the ME, but it’s been unstable since the dawn of time and all the while those that wear jimmy jams and sandals have a hole between their arse cheeks it will always be unstable

And as soon as the sandal wearers become semi-stable, the USA rush in and upsets the apple cart again. What a pity Mugabe doesn’t have any oil!

[newmercman]

Wheel Nut:
And as soon as the sandal wearers become semi-stable, the USA rush in and upsets the apple cart again. What a pity Mugabe doesn’t have any oil!

When I first learned of the oil in the USA I was of the opinion that the American Government were keeping it to themselves until they’d depleted the rest of the World’s reserves and then would hold all the aces, keeping their own oil prices low and charging the rest of the World a fortune for it, thereby becoming the most powerful country in the World, but I cannot for one minute imagine the meglomaniacs that have the power would be able to sit on it and not try to become the greatest President ever, coupled with that, the Chinese hold the papers on a substantial part of America’s debt, so they could demand oil as payment, thereby diminishing the potential of the power the oil would give the USA, maybe that is the case and the American Government will not release any of this oil until the debt to the Chinese is paid off and they can charge what they want for it and control the world with the threat of cutting off supply

That may seem a bit far fetched, people may think that the USA has no right to stick its nose in other countries business, but as a Brit I’m glad they do, they came up trumps for us in WW2, without their help, both in a financial and military sense I’d be writing this in German

[carryfast]

newmercman:

Wheel Nut:
And as soon as the sandal wearers become semi-stable, the USA rush in and upsets the apple cart again. What a pity Mugabe doesn’t have any oil!

When I first learned of the oil in the USA I was of the opinion that the American Government were keeping it to themselves until they’d depleted the rest of the World’s reserves and then would hold all the aces, keeping their own oil prices low and charging the rest of the World a fortune for it, thereby becoming the most powerful country in the World, but I cannot for one minute imagine the meglomaniacs that have the power would be able to sit on it and not try to become the greatest President ever, coupled with that, the Chinese hold the papers on a substantial part of America’s debt, so they could demand oil as payment, thereby diminishing the potential of the power the oil would give the USA, maybe that is the case and the American Government will not release any of this oil until the debt to the Chinese is paid off and they can charge what they want for it and control the world with the threat of cutting off supply

That may seem a bit far fetched, people may think that the USA has no right to stick its nose in other countries business, but as a Brit I’m glad they do, they came up trumps for us in WW2, without their help, both in a financial and military sense I’d be writing this in German

America was a different country in WW2 and in the 20 years after .There’s no way that Obama would have been voted into office as president then for example and the globalisation meglomaniacs have probably got more money invested in China’s interests than their own country’s anyway which is why the US is in debt to China.

It would be better to throw out the globalisation lot by deporting the zb commie zb’s to China and use their own oil (and coal) on the home market at 1960’s prices and re build the US industrial base using import controls and protectionism and default on what’s already owed by telling the Chinese that if they want what’s owed in oil just see what happens if they try to come and get it .

I reckon that advice and idea returns the favour that they did for us in WW2.

[gremmie]

newmercman:

Gremmie:
At current prices its costing us $350 more in fuel on a round trip to California try getting that money out of a customer.

Just as things are picking up the fuel prices are going mental, it will bollox up the recovery if it doesn’t change soon, ATM there are some decent rates going around, especially on flatbed and reefer, but the higher rates they’re being done for will eventually present cashflow issues for some and it’ll all go ■■■■ up again

The greedy oil companies are taking advantage of supply/demand, they blame instability in the ME, but it’s been unstable since the dawn of time and all the while those that wear jimmy jams and sandals have a hole between their arse cheeks it will always be unstable

Define decent please and some examples ■■? and how do you know these rates !!!. Just being nosey, as its all ways fasinated me how company drivers know what rates their bosses charge. As no company i ever drove for told us the rates.

[newmercman]

Gremmie:
Define decent please and some examples ■■? and how do you know these rates !!!. Just being nosey, as its all ways fasinated me how company drivers know what rates their bosses charge. As no company i ever drove for told us the rates.

Here we go, know it all gremmie at it again

I can look on the same load boards as you can mate, so by doing that, which I do on a regular basis I know that rates for spot hire on flat deck are over $2pm today, reefer freight is in the $1-90s, there’s a fuel surcharge on top of that too and that’s up to 50cpm in some cases, the load to truck ratio is over 7 to 1 across all sectors, all in all a pretty good situation I’d say

Don’t assume because I’m a company driver that all I do is point it down the road and polish my shiny bits

[gremmie]

newmercman:

Gremmie:
Define decent please and some examples ■■? and how do you know these rates !!!. Just being nosey, as its all ways fasinated me how company drivers know what rates their bosses charge. As no company i ever drove for told us the rates.

Here we go, know it all gremmie at it again

I can look on the same load boards as you can mate, so by doing that, which I do on a regular basis I know that rates for spot hire on flat deck are over $2pm today, reefer freight is in the $1-90s, there’s a fuel surcharge on top of that too and that’s up to 50cpm in some cases, the load to truck ratio is over 7 to 1 across all sectors, all in all a pretty good situation I’d say

Don’t assume because I’m a company driver that all I do is point it down the road and polish my shiny bits

No not know it all Gremmie, just curious as to where you get your figures from, no load boards I use have any rates on them. Those you have to negotiat,FSC well there are abot 20 different versions of that, 7 to 1 ratio bit on the high side I would say, and no you dont see the same load boards as me, they cost $480 a month. Deck rates $2pm and reefers at $1.90 from where to where ■■?

[newmercman]

Gremmie:
No not know it all Gremmie, just curious as to where you get your figures from, no load boards I use have any rates on them. Those you have to negotiat,FSC well there are abot 20 different versions of that, 7 to 1 ratio bit on the high side I would say, and no you dont see the same load boards as me, they cost $480 a month. Deck rates $2pm and reefers at $1.90 from where to where ■■?

Keeping my posts relevant to the thread, I’m talking primarily about USA-USA freight, they’re the ones with the oil remember, they’re the ones in recession, Canadian freight never suffered the same drop as they had down there.

7 to 1 is what it is across the board, some of it is no doubt seasonal, in the lower part of the country reefer freight is busy as the fruit/veg seasons start, the same with flat deck, but in the mid west and northern states, now the snow has gone the construction starts up again

Even with the current ratios there is still less freight than in 2007, the ratio is higher because of the recession casualties and the dimished fleet sizes of the mega carriers.

Lots of factors are contributing to the current situation, but it’s extremely fragile, high fuel prices make it more so, even with fuel surcharges, which help protect the people who cannot negotiate properly, the rates almost always lag behind behind a week or two. Get a rate for a coast to coast run on Monday and by the time you fill up a couple of times you could be out of pocket the way fuel prices have risen in the last few weeks

[brentanna]

Nice when we have the oil, but we still get fleeced everytime the US does something stupid, or anytime there is a big storm in the southern gulf that decreased production because well they built all their refineries down there. Noone said they were smart.