American Truckers At War

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.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.  More from NextEnergyNews

The American trucking industry is struggling under diesel fuel prices at over $4.00 per gallon.  Families are struggling to put gas in their cars to go to school, work and church.  Why?  There is no excuse.

Rush Limbaugh explains it best:

RUSH:  May I have your attention please, folks, on the business of alternative fuels?  Look at me.  Look-k-k at me.  The United States is not a zero-sum game. Meaning when somebody gets hired, it does not mean somebody gets fired.  Meaning when somebody earns an additional five dollars, somebody has lost an additional five dollars.  It doesn’t mean that it’s either oil or else.  The whole concept of the United States, the capitalist system, is the free market — and the free market is fueled by freedom!  Freedom leads to ingenuity, invention, entrepreneurism, and what is the pursuit?  The pursuit is profit.  The profit derives from success.  Now, there’s some charlatans in our free market.  The people in carbon offset businesses are sharks.  They are pure frauds!  They are convincing people to pay them X-amount of dollars for whatever, to plant trees, to soak up the additional carbon footprint of what is “allowed.”  Allowed by who?  Who says that there is a maximum carbon footprint?  There is no such law, there is no such standard, because we have freedom!  

If you want to have a 30,000-squarefoot house and a big-ass swimming pool and a bunch of outdoor lights and you can afford it and you pay for it, and there are people that provide it. End of story.  You are not guilty!  You are not guilty.  No, you are not.  Just because somebody else doesn’t have a 30,000-square-feet house, doesn’t have a big-ass swimming pool and outdoor lights, doesn’t mean they’re innocent and you are guilty.  As this relates to alternative fuels, oil is the most plentiful energy source we have. It’s the most efficient.  But while oil is being used, and while it is being exploited, the United States taxpayer, ladies and gentlemen, already spends billions of dollars on alternative energy research — and you can bet that the private sector is investing in it, too, and do you know why?  Because we are a growing country and everybody needs energy!  We’re not going to stay the United States if we start reducing energy usage. Conservation is not the answer.  So because it free market’s percolating and gurgling and burbling out there, somewhere in this mix will come the magical alternative fuel source. It may not be for a hundred years, it may not be for 50, but it will happen, and it will happen all by itself…if we stay free.

BREAK TRANSCRIPT

RUSH:  Oil is not the enemy.  We can peacefully co-exist with oil while looking for the miracle alternative fuel source that everybody wants, but we’re going to have to do that while using oil.  Oil is not the enemy, folks.  It’s our buddy.

RTaylor