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	<title>Comments on: Montana Governor: &#8216;We Are Is Sitting On An Oil Mine!&#8217; - 40 Billion Barrels</title>
	<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/</link>
	<description>The latest in policital news and the war in Iraq</description>
	<pubDate>Sat,  7 Jun 2008 01:41:39 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.1</generator>

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		<title>By: Marc</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182250</link>
		<author>Marc</author>
		<pubDate>Tue, 03 Jun 2008 16:31:09 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182250</guid>
					<description>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.</description>
		<content:encoded><![CDATA[<p>I read the whole transcript of this interview, and for once a politician seems to get it.</p>
<p>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.</p>
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		<title>By: Montana Governor: ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion Barrels &#171; Thoughts Of A Conservative Christian</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182259</link>
		<author>Montana Governor: ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion Barrels &#171; Thoughts Of A Conservative Christian</author>
		<pubDate>Tue, 03 Jun 2008 16:39:51 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182259</guid>
					<description>[...] ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion&#160;Barrels June 3, 2008 &#8212; 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 [...]</description>
		<content:encoded><![CDATA[<p>[&#8230;] ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion&nbsp;Barrels June 3, 2008 &#8212; budsimmons   <a href="/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/" rel="nofollow">https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/</a>   Posted in Oil speculation, gas prices, oil, oil [&#8230;]</p>
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		<title>By: Montana Governor: ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion Barrels &#171; The Global Warming Hoax</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182260</link>
		<author>Montana Governor: ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion Barrels &#171; The Global Warming Hoax</author>
		<pubDate>Tue, 03 Jun 2008 16:40:18 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182260</guid>
					<description>[...] ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion&#160;Barrels June 3, 2008 &#8212; 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 [...]</description>
		<content:encoded><![CDATA[<p>[&#8230;] ‘We Are Is Sitting On An Oil Mine!’ - 40 Billion&nbsp;Barrels June 3, 2008 &#8212; budsimmons   <a href="/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/" rel="nofollow">https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/</a>   Posted in Biofuels, Energy Prices, Ethanol, Ethanol Mistake, Food Crisis, Gas [&#8230;]</p>
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		<title>By: Molly</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182268</link>
		<author>Molly</author>
		<pubDate>Tue, 03 Jun 2008 16:50:28 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182268</guid>
					<description>I 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.</description>
		<content:encoded><![CDATA[<p>I 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.</p>
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		<title>By: brian</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182284</link>
		<author>brian</author>
		<pubDate>Tue, 03 Jun 2008 17:08:01 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182284</guid>
					<description>im considering moving to montana</description>
		<content:encoded><![CDATA[<p>im considering moving to montana</p>
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		<title>By: Kurt(the infidel)</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182320</link>
		<author>Kurt(the infidel)</author>
		<pubDate>Tue, 03 Jun 2008 17:42:59 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182320</guid>
					<description>how 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</description>
		<content:encoded><![CDATA[<p>how 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</p>
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		<title>By: Nukem</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182369</link>
		<author>Nukem</author>
		<pubDate>Tue, 03 Jun 2008 18:20:47 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182369</guid>
					<description>This 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.”</description>
		<content:encoded><![CDATA[<p>This 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.</p>
<p>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?</p>
<p>The Energy Non-Crisis</p>
<p><a href="http://video.google.com/videoplay?docid=3340274697167011147" rel="nofollow">http://video.google.com/videoplay?docid=3340274697167011147</a></p>
<p>“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.<br />
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.”</p>
<p>Written summary of Williams’ speech<br />
BIG OIL SPIKES EASY SOLUTION<br />
<a href="http://www.americanfreepress.net/html/big_oil_spikes.html" rel="nofollow">http://www.americanfreepress.net/html/big_oil_spikes.html</a><br />
BOTTOM LINE<br />
“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.</p>
<p>“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.”</p>
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		<title>By: Cooper</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182372</link>
		<author>Cooper</author>
		<pubDate>Tue, 03 Jun 2008 18:25:48 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182372</guid>
					<description>In 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.</description>
		<content:encoded><![CDATA[<p>In about 2 years, I&#8217;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.</p>
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		<title>By: Denghis (Ibn Al-Himar)</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182436</link>
		<author>Denghis (Ibn Al-Himar)</author>
		<pubDate>Tue, 03 Jun 2008 19:21:00 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182436</guid>
					<description>Call me when you get here, I'll buy you a beer...</description>
		<content:encoded><![CDATA[<p>Call me when you get here, I&#8217;ll buy you a beer&#8230;</p>
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		<title>By: Steve_Montana</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182468</link>
		<author>Steve_Montana</author>
		<pubDate>Tue, 03 Jun 2008 19:42:49 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182468</guid>
					<description>Gov. 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</description>
		<content:encoded><![CDATA[<p>Gov. Schweitzer is up for re-election this year&#8230; I pray he rattles the cage loudly to get the attention this country needs to give to this.</p>
<p>He ahas not been bad as a Democrat&#8230; with his concervative veiws I still wonder why he is a d-rat</p>
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		<title>By: littlefox</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182524</link>
		<author>littlefox</author>
		<pubDate>Tue, 03 Jun 2008 20:25:22 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182524</guid>
					<description>I 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! :beer:  :beer:  

Anybody know the avg. price per acre of land in Montana?</description>
		<content:encoded><![CDATA[<p>I learn so much on this site!!!!</p>
<p>Couple days ago I posted that I am homeschooling my 9, 16 and 17 yr old kids.  I use this sight for current events.</p>
<p>It is really good, thanks to all of you! <img src='/wp-includes/images/smilies/icon_beer.gif' alt=':beer:' class='wp-smiley' />  <img src='/wp-includes/images/smilies/icon_beer.gif' alt=':beer:' class='wp-smiley' />  </p>
<p>Anybody know the avg. price per acre of land in Montana?</p>
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		<title>By: Mark Tanberg</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182544</link>
		<author>Mark Tanberg</author>
		<pubDate>Tue, 03 Jun 2008 20:36:15 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182544</guid>
					<description>I 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.
The 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.</description>
		<content:encoded><![CDATA[<p>I disagree with the first point of a hybrid car tax credit because it&#8217;s the price that drives the exploration and that will drive the opening of refinery&#8217;s and the no drill lands.<br />
The 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.</p>
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		<title>By: Mark Tanberg</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182546</link>
		<author>Mark Tanberg</author>
		<pubDate>Tue, 03 Jun 2008 20:38:09 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182546</guid>
					<description>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.</description>
		<content:encoded><![CDATA[<p>Oh and if you come bring along a job or two and for Gods sake don&#8217;t try to make this place like it was back home.</p>
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		<title>By: 007</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182572</link>
		<author>007</author>
		<pubDate>Tue, 03 Jun 2008 20:53:02 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182572</guid>
					<description>I was moveing to Tenn, I might have to rethinh that?

 :arrow: Drill

Drill, Drill, Drill, Build, Build, Build!!</description>
		<content:encoded><![CDATA[<p>I was moveing to Tenn, I might have to rethinh that?</p>
<p> <img src='/wp-includes/images/smilies/icon_arrow.gif' alt=':arrow:' class='wp-smiley' /> Drill</p>
<p>Drill, Drill, Drill, Build, Build, Build!!</p>
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		<title>By: Lone Wolf</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182817</link>
		<author>Lone Wolf</author>
		<pubDate>Tue, 03 Jun 2008 23:49:47 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-182817</guid>
					<description>The 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.</description>
		<content:encoded><![CDATA[<p>The 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.</p>
<p>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&#8217;s when a lot of world production was shut down due to low prices.  As long as the Saudi&#8217;s/OPEC can threaten to move the market down with increased production, it is hard to justify the risk of drilling an expensive formation.</p>
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		<title>By: Mike Swann</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-183342</link>
		<author>Mike Swann</author>
		<pubDate>Wed, 04 Jun 2008 07:09:11 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-183342</guid>
					<description>Hate 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.</description>
		<content:encoded><![CDATA[<p>Hate to be a wet towel, but I am pretty sure the drilling technique for this oil does not exist yet. </p>
<p>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.</p>
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		<title>By: Gandalf</title>
		<link>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-183575</link>
		<author>Gandalf</author>
		<pubDate>Wed, 04 Jun 2008 11:29:32 +0000</pubDate>
		<guid>https://pat-dollard.com/2008/06/montana-governor-we-are-is-sitting-on-an-oil-mine/#comment-183575</guid>
					<description>Shell 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.</description>
		<content:encoded><![CDATA[<p>Shell 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.</p>
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