1 Apr

200billion barrel oil field discovered inside United States

                                       

LINK

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.

QUESTION:

If the United States stopped sending $340bn to Arab nations, what effect would that have on those nations, and the subsequent stability of Middle Eastern oil supplies?

This entry was posted in Economy, Environment, Middle East. Bookmark the permalink. Tuesday, April 1st, 2008 at 6:08 am
| 6,017 views

53 Responses to 200billion barrel oil field discovered inside United States

  1. MIKE
    HI,
    YOU KNOW HE SHUT CANADA ALSO. THE DEAL WAS IN THE MAKE, CANADA WAS SPENDING A LOT TO MEET THE REQUIREMENTS, AND JUST LIKE THAT,
    OBAMA decide to put it on stand by,
    can you imagine a project like that on stand by,
    unbelieveble look at this date DECEMBER 1 2011

    ReplyReply
  2. a company in the MARITIME has busyness in NEW HAMPSHIRE, and
    between the two COUNTRIES EMPLOYED 3500 EMPLOYEES, in fuel operation HAS NOW BEEN FORCE TO BEGIN A LAY OUT 78 EMPLOYEES BECAUSE OF strong restrictions on emissions, and policy of turning into other forms of energy,
    the company said that their business will be decrease of 11% because of it, in the next year,
    that’s how hard the job market will decreased because of those green policies
    which will end up greasing some lobbyist with their new market which so far is not feasible and hurt the job market in the USA AS WELL AS CANADA.

    ReplyReply
  3. Donald Bly says: 53

    The truckers hauling the oil out of North Dakota where unemployment is now in the 3% range might not be too happy if the pipeline gets built…. but until then, they’re making bank on American OIL.

    ReplyReply

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>