Domestic Oil

About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest.. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.


The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana ..... 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.' 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 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006!

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. 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 the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?

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.
Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?


Got your attention yet? Now, while you're thinking about it, do this:


Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices - by doing NOTHING, you forfeit your right to complain.


Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.

By the way...this is all true. Check it out at the link below!!!
GOOGLE it, or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911

Death of family friend: Walter Neustadt, amazing philanthropist and a great, kind man

Walter Neustadt: Oilman, philanthropist, University of Oklahoma regent

11:53 AM CST on Tuesday, January 12, 2010

By JOE SIMNACHER / The Dallas Morning News
jsimnacher@dallasnews.com

Walter Neustadt was a philanthropist who gave more than money to the causes he supported.

A longtime University of Oklahoma benefactor, he served on the school's Board of Regents and was an OU Foundation trustee. But it was his hands-on approach with the Neustadt International Prize for Literature that showed the depth of his passion for students.

The former Ardmore oil man continued his spirit of generosity after moving to Dallas in 1998.

Mr. Neustadt, 90, died Tuesday of complications of lung cancer at his Dallas home.

Services will be at 1 p.m. today at Temple Emanu-El. He will be buried in Temple Emanu-El Cemetery.

"He cared about putting wind in the sails of students," said R.C. Davis-Undiano, the University of Oklahoma's Neustadt Professor of Comparative Literature.

Mr. Neustadt had a deep and passionate commitment to students, Dr. Davis-Undiano said.

He expanded the Neustadt International Prize for Literature – founded by his mother more than 40 years ago – to address an array of student needs.

"It was under Walter's watch that we extended the program to include a lot of student scholarships and fellowships and courses and internships," Dr. Davis-Undiano said. "It really, really flourished under him."

Mr. Neustadt was deeply involved with both his family and the groups he supported, said his daughter Kathy Neustadt Hankin of Denver.

"He was a quiet leader; he was immensely respected and proud of the organizations that he got involved in, and his family," his daughter said.

Mr. Neustadt was born in Ardmore, Okla., and attended the Mercersberg Academy, a preparatory school in Mercersberg, Pa. He received his bachelor's degree from Yale University in 1940, and his master's degree from the University of Oklahoma in 1941.

During World War II, he served with the Army Air Forces, assigned to combat intelligence with the 8th Air Force from 1943 to 1945.

After the war, he joined his family's Ardmore-based oil company, Westheimer-Neustadt Corp., founded in 1946. He served as the company's president from 1965 until it was sold to Kaiser-Francis Oil Co. of Tulsa in 1981.

In 1998, Mr. Neustadt moved to Dallas, where he continued his philanthropy, supporting causes that included Equest, a therapeutic horseback-riding program, and the Vogel Alcove, which provides child care for homeless children.

In 1999, he founded the Dot and Walter Neustadt Lecture Series at Temple Emanu-El.

Mr. Neustadt was a 33rd-degree Mason and had been a trustee of National Jewish Hospital in Denver.

He was a University of Oklahoma regent from 1969 to 1976, and an OU Foundation trustee, serving as chairman for 10 years.

In addition to his daughter, Mr. Neustadt is survived by his wife, Dottie Neustadt of Dallas; two other daughters, Nancy Barcelo of Watertown, Mass., and Susan Schwartz of Dallas; a sister, Joan Weil of Dallas; a brother, Allen Neustadt of Dallas; and six grandchildren.

Memorials may be made to the Walter Jr. and Dolores K. Neustadt Scholarship Fund, No. 42351, in care of Karen Renfroe, Regional Major Director, University of Oklahoma, 339 W. Boyd, Whitehand Hall, Norman, Okla. 73019.