Subj:

Fw: Bakken OIL Formation

Date: 5/30/2008 12:26:13 PM Eastern Daylight Time

Like everyone else, I've been absolutely blown away by what has happened to the priceof a gallon of gas. More like just plain MAD! But it's time (way past time, obviously) for all of us to put up, or shut up. And by that I mean quit bellyaching to one another (trustme - I do it as well -- so I'm talking to myself, too, here)! ... And DO SOMETHING. Andtrust me ... Not buying gas from one or two of the 'Big Boys' for a month, or electing tonot buy gas on a given day is not the answer. The answer is one I know you know, andhave heard many times before from people a lot more well-versed in this than me:LESSENING our dependence on foreign oil.Just poking around the Internet recently, I simply 'Googled' the search 'Untapped U.S.Oil Reserves,' and the result (like the current price of a gallon of gas - BLEW ME AWAY!Go ahead, take a minute and see for yourself! Never mind, I'll share some of thehighlights I found.1.

Ever heard of the Bakken Formation?

GOOGLE it. I did, and again, BLEW mymind. The U.S. Geological Service issued a report in April ('08) that only scientists andoilmen/women knew was coming, but man was it big. It was a revised report (hadn'tbeen updated since '95) on how much oil was in this area of the western 2/3 of NorthDakota; western South Dakota; and extreme eastern Montana ... Check THIS out:

The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, andhas the potential to eliminate all American dependence on foreign oil.

The EnergyInformation 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 worthmore 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 56years,' reports The Pittsburgh Post Gazette. It's a formation known as the WillistonBasin, but is more commonly referred to as the 'Bakken.' And it stretches from NorthernMontana, through North Dakota and into Canada. For years, U.S. Oil exploration hasbeen considered a dead en d. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up theBakken'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 throw you on the floor, then this next one should - becauseit's from TWO YEARS AGO, people!]

U.S. Oil Discovery- Largest Reserve in the World!Stansberry Report Online - 4/20/2006 Hidden 1,000 feet beneath the surface of the