MyRightWingDad.net

Sent: Thursday, July 16, 2009 9:31 PM
Subject: There is no oil shortage in the U.S.

Why are we still buying oil from people who hate us? We are sending Billions of dollars each month to Muslim countries for oil,
when there is no oil shortage in the U.S. Read the article below
by Mr. Schofield.

The U. S. Geological Service issued a report in April '08, and man was it big. It was a revised report on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota ; and extreme eastern Montana......called "The Bakken"----- 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.' 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. And if THAT didn't blow your mind, then this next one should - because it's from TWO YEARS AGO!
U. S. Oil Discovery- Largest Reserve in the World!

From 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 motherload 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 some people do not want us to become independent of foreign oil. Again, we are letting a small group of people dictate our lives and our economy. .... 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. And lets not forget our untapped off shore reserves. Do you think 'OPEC' will drop its price? It's all about the competitive marketplace, They must drop their price.
By the way...this is all true. Check it out on your computer at the link below!!! GOOGLE it or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911

Richard T. Schofield
First Vice President
Financial Advisor
Morgan Stanley
Toll Free: 800-752-3269
Direct Line: 435-634-2429