Hmmm, If Only We Had Our OWN Oil...


	Hmmm, If Only We Had Our OWN Oil...
sahara
4-13-2008 12:19 PM
267 views
tags:
oil, energy, money
sahara says:
WHAT THE...! Maybe it's just me, it's possible that I just am misinterpreting something, but what is with the charts here, http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html
and the Bakken Formation thing????

Please excuse the sad attempt to clip the chart, sometimes charts are like that, they just will not cooperate and clip!
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/81fb4666-7bdc-4865-b818-cccfe2eb73c3/FE12B109-45A7-49C6-8478-6A3040B5BF38/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nextenergynews.com/news1/next-energy-news2.13s.html" href="http://www.nextenergynews.com/news1/next-energy-news2.13s.html" style="font-size: 11px;">www.nextenergynews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nextenergynews.com/news1/next-energy-news2.13s.html"><FONT size="-1" face="Verdana, Arial, Helvetica, sans-serif" color="#5e5e5e">America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nextenergynews.com/news1/next-energy-news2.13s.html"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.nextenergynews.com/img/A81033C3-0AE5-4993-A3A2-10281C062EBB" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nextenergynews.com/news1/next-energy-news2.13s.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.nextenergynews.com/img/5FB225F3-DAD5-443F-B544-F05E95405EB6" alt="" /></div></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content7.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html" href="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html" style="font-size: 11px;">www.runet.edu</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"> The US Department of Energy (yellow columns) uses private
      oil industry statistics, and not reserve figures from another (and presumably more trustworthy) government office, the USGS (blue columns). </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html">
      Black = billions of 42 gallon barrels</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><B>North America </B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="left"><FONT size="2">55.1</FONT></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="left"><FONT size="2">55.6</FONT></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="left"><FONT size="2">112.1</FONT></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="left"><FONT size="2">397.9</FONT></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="right"><FONT size="2" face="Arial, Helvetica, sans-serif"><B>Iraq</B></FONT></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="center"><FONT size="3" face="Arial, Helvetica, sans-serif" color="#000000"> 
        <B>Proven reserves
<FONT size="2">(oil industry)</FONT></B></FONT></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><table background="undefined" bgcolor=""><tr><TD width="111" bgcolor="#ffffcc"><FONT size="2">112.5</FONT></TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><table background="undefined" bgcolor=""><tr><TD width="116" bgcolor="#ffffcc"><FONT size="2">100.0</FONT></TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="center"><FONT size="3" face="Arial, Helvetica, sans-serif" color="#000000"><B>Identified 
reserves </B></FONT></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><table background="undefined" bgcolor=""><tr><TD width="103" bgcolor="#ddffff" align="right">      <DIV align="left"><FONT size="2">90.8</FONT></DIV></TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><table background="undefined" bgcolor=""><tr><TD width="96" height="31" bgcolor="#ddffff"><FONT size="3" face="Arial, Helvetica, sans-serif" color="#000000"><B>Recoverable
    reserves </B></FONT></TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.runet.edu/~wkovarik/oil/2worldoil.mideast.html"><DIV align="left"><FONT size="2">147.8</FONT></DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FE12B109-45A7-49C6-8478-6A3040B5BF38/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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