U.S. Oil Discovery- Largest Reserve in the World!

Buddy

U.S. Oil Discovery- Largest Reserve in the World!

Sat Apr 22, 2006 13:17

Greatest Oil Reserves by Country, 2005

HOAX: U.S. Oil Discovery- Largest Reserve in the World!

------ Forwarded Message
From: ricniemela ricniemela@earthlink.net
Reply-To: ricniemela
Date: Fri, 21 Apr 2006 10:32:27 -0400
To: Richard Niemela ricniemela@earthlink.net
Subject: Fw: I hope this is true

This find, and the fact that there is a huge amount of oil in Alaska, may account for the current rise in pricing...for such a massive amout of oil, if broadcast about, would certainly upset the apple cart of current pricing....for these Rothschild/Rockefeller interests are gouging the American citizens today...until the facts about how much oil is really available..

Another consideration----there may have been a recent, still secret breakthru in hydrogen cell technology which, in itself would also suddenly devalue the use of oil....and the same crowd is now pushing up prices before the facts of this potential discovery are released...JRN

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-------Original Message-------

From: Buddy mailto:buddy@netcommander.com
Date: 04/20/06 21:03:29
To: undisclosed-recipients
Subject: Fw: I hope this is true

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 — more
: than 2 TRILLION barrels. On August 8, 2005 President Bush
: mandated its extraction. Three companies have been chosen
: to lead the way. Test drilling has already begun… : Five months ago, the U.S. Energy Department announced the
: results of a land survey… : 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. : 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. : When asked about America’s least-publicized oil supply, Utah
: Senator Orrin Hatch said: “The amounts of oil are
: staggering. Who would have guessed that in just Colorado
: and Utah, there is more recoverable oil than in the Middle
: East?” : Three million barrels of oil per day… That translates into
: more than $20 BILLION a year. : These are the conservative estimates. The U.S. Energy Dept.
: estimates an eventual output of 10 million barrels of oil
: per day. At that rate, the money flow would be even
: greater. :

http://www.stansberryonline.com/OIL/ (Does not open)

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A Wild Week for Oil, Which Passes $75
New York Times - all 1,148 related »

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NEW YORK -- Crude-oil prices broke through $75 US a barrel to hit a new record yesterday.

Fuelled by concerns about Iran's nuclear ambitions and tight U.S. gasoline supplies, crude prices -- which are already more than 40% higher than a year ago -- rose another 8.4%. The price of a barrel of light, sweet crude jumped $1.48 yesterday to settle at $75.17.

Analysts say oil prices are likely to climb even higher in the weeks ahead as worries grow about how international pressure on Iran will affect its crude output. Rebel disruptions of oil production in Nigeria also pose a risk to supply.

The effects of the oil spike are beginning to make their way to the fuel pump, where prices in Calgary yesterday were as high as $1.09.

In the U.S., prices are also climbing daily with the average price of a gallon of unleaded regular gasoline jumping to $2.855

But for Alberta, bad news at the pump is good news for the provincial government, which makes $123 million for every $1 rise above its $56-per-barrel forecast.

In Washington, finance officials from the world's leading industrial powers expressed concern about zooming oil prices and promised to take action to prevent the global economy from being knocked off course.

Finance ministers and central bank presidents from the U.S., Japan, Germany, France, Britain, Italy and Canada make up the group.

Policymakers encouraged countries to examine ways to curb the world's appetite for energy and boost exploration and production.

Underscoring the importance of the matter, some big oil exporters -- Saudi Arabia, Russia and the United Arab Emirates -- joined the seven industrial powers for some of their discussions.

There are worries that record energy prices could end up crimping economic activity and fanning inflation around the globe.
http://calsun.canoe.ca/News/World/2006/04/22/1545607-sun.html