Montana Governor: ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion Barrels
I … {SIGHHHHH …} Where do I begin that I already haven’t been before? Huh??
Yeah, we have been over and over and over this, again and again …
We, on our own domestic territory, have more than enough sustainable oil supplies to perhaps completely free us from foreign oil … for a LONG time. But due to the direct interference of environmental special interest influence, our Congress has slammed the door on drilling domestically and building new refining facilities. And they now seek to massively chain and padlock said door with the damn “Cap and Trade” bullshit Bill they are now fondling as I type this tirade.
It is the height of fucking insanity, I tell you! And I do believe the American oil companies that were dragged by the nose-rings in front of both Houses of Congress a couple weeks ago need to spend some of those ‘profit’ dollars and bombard the public airwaves with a massive PR campaign … ad after ad about where our oil is coming from (who IS profiting from it), and how and why we are NOT oil independent. How our own Congress is blatantly and insidiously deceptive in whom is directly responsible for the bullshit we are now in with supply, demand, price on a barrel-head, and at the damn Speedway pump! And how we have many options on our own soil where we could be drilling and pumping … OH! And how ten years ago ‘certain’ Congress-folk insisted it would take ten years to bring that oil to the market … HELL-FUCKING-OOOO! Hey, SHELL and EXON! Buy commercial time and lay it out in :30 - :60 seconds of information for the people whose attention spans aren’t much bigger than that … Gee-zuss! I’ll write the damn things for you.
I firmly believe that if the majority of the people of this country knew the facts … had them laid out before them like “Two all beef patties, special sauce, lettuce, cheese, pickles, onions, on a sesame seed bun” … they’d fucking do a five million citizen march on D.C. demanding Congress stand the hell down and open drilling rights …
Can we PLEASE STOP THE INSANITY?!?!!??
Where’s the fucking Tylenol?
by John Crudele - NYPost:
HELENA, Mont. - Here’s some very good news about oil that the manipulators on Wall Street don’t want you to know: there could be as much as 40 billion barrels of crude lying untouched in eastern Montana.
That’s billion with a “b” - as in a ball-breaking amount for those speculators who are purposely pushing oil higher for their own selfish reasons.
Who says? Montana Gov. Brian Schweitzer does, adding that his state - with fewer than 1 million residents - would be thrilled to bail the US out of its current energy predicament.
While on a visit to Wyoming and Montana, I popped in on Schweitzer, the Democratic governor, who was more than happy to answer my questions about the rumors of huge oil deposits in the so-called Bakken area of his state.
Right now, the US Geological Service estimates that there are 4.3 billion barrels of recoverable oil in the Bakken region, which also reaches into North Dakota.
“They are always conservative,” said Schweitzer, who greeted me in his office dressed in jeans, a white shirt and a string tie. “There will be more. It’ll probably be more like 40 billion.”
It’s so much, in fact, that a discovery like that - or even hints of such a find - could ruin speculators’ chances of getting the price of oil much higher than it already is.
In fact, just the knowledge of such big oil deposits - together with a drop off in fuel use because of the recession and the inevitable development of alternative energy sources - might cause gasoline prices to fall substantially in the future.
As it is today, Americans are being cheated on the price of oil. I’ve been writing about this for the past couple of years and now even a do-nothing Congress is getting concerned, although its ire is misplaced.
Wall Street speculators, aided by cheap money from the Federal Reserve and an ill-informed press, have kidnapped oil in much the same way that the Hunt brothers cornered the silver market in the 1970s.
The only difference is that the Hunt escapades didn’t come close to ruining the country’s economy. Congress is blaming the oil companies, which certainly are benefiting from the surge in oil prices. President Bush did his part by groveling to the Saudis for more oil - and was offered a token increase, but was essentially turned down.
But maybe if we start digging in Montana, we just might get our national dignity back - and even save our economy.
“We’ve been drilling out there for 70 years,” said Schweitzer of the Bakken area. “People there like new oil production. In fact, the city of Sydney [the county seat] wants to build a refinery. Where else in America do you have a community that says, ‘we want to build a refinery in our backyard?’ ”
Schweitzer, an agronomist with an advanced degree in soil science, has a picture on his office wall of his grandfather operating a one-man refinery.
If you let him - and I did - Schweitzer will explain how oil deposits come to be formed over millions of years. He also explains how the Bakken contains so-called oil shale, which means that the crude needs to be flushed out of tight rock formations.
With improved technology today and higher prices, this recovery method is now very feasible.
“And the nice thing,” Schweitzer said, “is it’s one drill hole per section.” For you city slickers, a “section” is a huge 640 acres.
By comparison, Saudi Arabia has the largest known oil reserves at 260 billion barrels.
Now … Montana Gov. Schweitzer (D) was on Glenn Beck’s radio show the other day. The man does have his head on very straight with gun control and oil drilling domestically:
Governor Schweitzer: Well, we’re not going to lose our gun rights in Montana. You can bet on that, but I can assure you of this: Montana will continue to take the lead to make America energy independent. We’re not going to allow dictators to push us around anymore. We have an infinite supply of energy in this country. We just have a finite supply of resolve to get it right … (on Cap and Trade) We’re already giving $2 a gallon to dictators who are trying to destroy our way of life. Look, I support the concerns that people world have with carbon dioxide but we have the technology right now to produce all of our energy domestically, to drive all of your cars, run of all trains and plains, light all of your light bulbs without importing oil from them and we can sequester our CO2 … (on domestic drilling and Congress) Here’s what I’d say to you. We don’t ask much from Congress and they don’t deliver much. Most of us as governors are building our own energy proposals. We’re putting together our own energy independence because God help us if Congress was the only ones responsible to save this country. Here’s a couple of things that we would need from Congress. There are some certain things that have to be passed at a Federal level. Otherwise, you create problems with competition between states in a bad way. In other words, people will just run over the border to do something because you can’t do it in another state.
Some Of Gov. Schweitzer’s ideas: No. 1, Congress passes two pieces of legislation. The first one would be a 15 percent tax credit for any consumer that buys a plug in hybrid car SUV or pickup that gets a minimum of 40 miles on a charge and runs on electricity for the first 40 miles. Let me tell you what that would do. Pacific Northwest Labs, a primary contractor of the Department of Energy, has already studied this. They found that we could decrease the consumption of oil in all of our transportation fleet by 83 percent if we had plug-in hybrids the first 40 miles. 93 percent of all the cars in America drive less than 40 miles a day. That means we could run the whole fleet on electricity 93 percent of the time.
Second, every utility in America, they must buy electricity from anybody on the system that they sell electricity to, so that when you drive home from work, you plug your car in, you walk in, you turn on your light and the electricity comes from the charge power in your car. You make your meal with your battery in your car and in the middle of the night when we have excess electricity three times as much electricity grid capacity as we actually need because we build this grid for today, your car recharges. The next day, if you don’t need a full 40 miles, you start selling electricity right back into the grid for three or four times what you paid for it. We make every consumer a better consumer, a bar capitalist. We couldn’t have to put up one copper wire. Northwest, this same lab, they found that we have the grid capacity to level the electrons and then, with coal gasification, places like Montana, with wind power, solar power, we can tell the dictators to boil in their own oil.
I don’t agree with cap and trade. I have a better idea, one that’s better for this country, better for the world, and it’s simply this: I wouldn’t give another nickel to the Federal government because they’ll find some play to pee it away. What I would do is I would say instead of a cap and trade system, folks, I want you to understand what cap and trade means. If you’re a big utility that’s been using coal over the last 100 years, Congress is going to franchise you to produce that quantity of CO2. You could turn around and sell out of the business and put a trillion dollars in your pocket. What we’re doing is we’re shifting wealth from the population as a whole to a few utilities and it’s not going to do a dang thing about developing new technology. Here’s what I would do: Those of us who produce carbon dioxide, I would put a technology fee of $12.50 per ton. I would use 100 percent of that money as a technology fee. I wouldn’t give it to the Federal government. We would create a quasi-private corporation that would do all the research and development. Those of us who pay in will own the intellectual property and we’ll be able to sell this technology all over the world in China, in India, and other places that are producing great quantities of CO2 and the consumer, the consumer will not see their energy prices go up because that $12.50 a ton, we can start decreasing the carbon dioxide emissions by at least 5 percent per year. It won’t increase the cost of your energy, and we’ll develop the technologies that the be giving the greatest boom to America’s industry since the industrial revolution. What’s wrong with that?
(Full Transcript Of the interview)
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I read the whole transcript of this interview, and for once a politician seems to get it.
I would take a Democrat for president if he were from Montana right now, he sure as shit is better than what the Republicans have offered up. But hey he is just too conservative in his energy choices for both parties.
June 3rd, 2008 at 8:31 am[…] ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion Barrels June 3, 2008 — budsimmons https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/ Posted in Oil speculation, gas prices, oil, oil […]
June 3rd, 2008 at 8:39 am[…] ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion Barrels June 3, 2008 — budsimmons https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/ Posted in Biofuels, Energy Prices, Ethanol, Ethanol Mistake, Food Crisis, Gas […]
June 3rd, 2008 at 8:40 amI think the more interesting part of this interview was that Schweitzer intimated that Montana would possibly secede from the Union if the Supreme Court finds that gun rights are collective and not individual.
June 3rd, 2008 at 8:50 amim considering moving to montana
June 3rd, 2008 at 9:08 amhow many times have we heard this? this country seems to have a shit load of oil. i mean who really knows how much we have since all the great technology that has been developed recently. 40 billion barrels? 500 billion barrels? more than saudi arabia or Iraq? we really need to start finding out for sure and more importantly getting it our of the ground ASAP and send it off to refineries
June 3rd, 2008 at 9:42 amThis will rock your world. Listen to all 75 minutes. Our nation’s energy independence was sold out in the early 1970s to the world bankers. The media is keeping us in a matrix-like existence by not revealing the real story for $4 gas. The war and free-spending politicos have emptied the U.S. treasury so they had to boost the gas price so the Saudi’s could buy off our enlarged debt by essentially forcing us to pay higher taxes at the pump.
Lindsey Williams seems fairly credible and the historical events tie together, plus the oil exec collaboration. Has anybody heard this from other sources? Are other OPEC nations also required to buy our debt or only Saudi?
The Energy Non-Crisis
http://video.google.com/videoplay?docid=3340274697167011147
“Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams’ love for his country and concern for the spiritual welfare of the “pipeliners,” he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.”
Written summary of Williams’ speech
BIG OIL SPIKES EASY SOLUTION
http://www.americanfreepress.net/html/big_oil_spikes.html
BOTTOM LINE
“He said it’s important to understand that the American people—at the hands of insider operatives such as Henry Kissinger—have been put into a terrible bind when it comes to oil. According to Williams, a Kissinger-brokered deal during the 1970s called on the United States to buy large quantities of oil from major overseas oil-producing states, which started the current gluttonous addiction to imported oil.
“In exchange for our pledge to buy this oil, these distant oil-producing nations, including Arab states, would buy U.S. government bonds to prop-up the U.S. dollar and help the United States engage in the nonstop deficit spending that created a national debt so large that it defies comprehension.”
June 3rd, 2008 at 10:20 amIn about 2 years, I’m going to have the opportunity to move anywhere if I want to. Montana is going to be high on my list. Imagine how the value of land will skyrocket if this oil comes into play. Also, should we get punished with a Hussein presidency, Montana will probably be the only place left to carry a gun around.
June 3rd, 2008 at 10:25 amCall me when you get here, I’ll buy you a beer…
June 3rd, 2008 at 11:21 amGov. Schweitzer is up for re-election this year… I pray he rattles the cage loudly to get the attention this country needs to give to this.
He ahas not been bad as a Democrat… with his concervative veiws I still wonder why he is a d-rat
June 3rd, 2008 at 11:42 amI learn so much on this site!!!!
Couple days ago I posted that I am homeschooling my 9, 16 and 17 yr old kids. I use this sight for current events.
It is really good, thanks to all of you!
Anybody know the avg. price per acre of land in Montana?
June 3rd, 2008 at 12:25 pmI disagree with the first point of a hybrid car tax credit because it’s the price that drives the exploration and that will drive the opening of refinery’s and the no drill lands.
June 3rd, 2008 at 12:36 pmThe oil speculation needs to be thoroughly checked out though and run the same way as all the other products in that category I don;t know that much about it but it appears wrong the way that trading is allowed to take place, manipulating the market.
Oh and if you come bring along a job or two and for Gods sake don’t try to make this place like it was back home.
June 3rd, 2008 at 12:38 pmI was moveing to Tenn, I might have to rethinh that?
Drill, Drill, Drill, Build, Build, Build!!
June 3rd, 2008 at 12:53 pmThe estimated total oil contained in the Bakken formation is uncertain but on the order of 200 billion barrels. The price of oil and the development of new recovery technology dictates how much of this can be produced economically - this is another area of uncertainty, but 40 billion barrels of recoverable oil appears to be a reasonable estimate, perhaps as high as 100 billion barrels may ultimately be feasible at $100/barrel or more. Based on our current consumption rate of about 20 million barrels per day, that would be a 13 year supply.
One of the things that prevents the investment to bring these formations into production is the uncertainty in the market price of oil. Production costs in Saudi Arabia, for instance, are on the order of $20/bbl as indicated by their continued profitability in the 1980’s when a lot of world production was shut down due to low prices. As long as the Saudi’s/OPEC can threaten to move the market down with increased production, it is hard to justify the risk of drilling an expensive formation.
June 3rd, 2008 at 3:49 pmHate to be a wet towel, but I am pretty sure the drilling technique for this oil does not exist yet.
From what I understand, the field is a single, relatively flat, 5-10 ft thick pay zone that is 8000 feet down in difficult strata that tends to push the drill bit around quite a bit.
June 3rd, 2008 at 11:09 pmShell has the technology to extract this oil at about $40/barrel. So instead of subsidizing ethanol maybe subsidize shale if the price drops below $40/barrel or whatever the cost and a reasonable profit ends up. That deal alone would drop prices.
June 4th, 2008 at 3:29 am