User62763_1_t Don Eichler
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 The largest oil field in the world that has not been developed yet and it is right here in the good old USA.

  Google up The Bakken Formation. It tells about the report in April 2008 that will make you wonder why is this field not being drilled.  No off shore stuff just good old dirt drilling. It will produce oil at $ 16.00 per barrel and estimated to be 503 billion barrels.  The biggest producing oil field found in the last 56 years. 

Located in Montana, North and South Dakota also into Canada. Check it out on The Free Site, wikipedia.org/wiki/Bakken_FormationThis area is known as the Williston Basen and there is enough light sweet oil to power America for 41 years.

This being the largest reserve in the world

There is more oil here than in the Middle East. 

If you haven't read enough already, read this from Snopes.com.

 We need action in Washington.  Read this report and ask questions.  Send an email or letter to your congressmen.  I have only touched on the scope of this report.

 
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19 Comments on With BAKKEN, our gas could only be $ 1.50 per gallon

Hello!!!

Canada is drilling this formation and it is the biggest discovery there in this country.  Why do we not hear from our experts???  There could be many reasons but most likely it is because some of the American Oil Companies do not hold large leases in the area.  If you have checked this out please comment.

09/01/2008 08:53 AM by Don Eichler (Eichler Properties)


Don,  This is great information and I am surprised more people have not commented.  IT is true.  What's up with it?  Maybe like you said the US oil companies don't own the leases?  If Anwar is so small, why are they making a big deal about drilling there when this area is so much larger and has more oil?

09/01/2008 03:28 PM by Ricki Eichler,GRI, your Texas Hill Country connection (Hill Country Estate Properties)


Howdy Don

What a find you have came up with, to post about.

I think the oil companies have gotten so fat from importing oil, they don't want to drill here at home.

Thank ya for the links, I'll take a little ol ride over to read what they have to say.

I have bookmark it.

I also sure don't understand, why more folk's have not commentated on such a fine post.

Baker Home Inspection and Consulting

09/01/2008 09:10 PM by Dale Baker, Home Inspector- in NH & VT (Baker Home Inspections and Consulting Service)


Don, I'm so glad I read this.. I didn't have a clue this existed.  I will follow the links and find out more ... thanks for the info.

09/02/2008 02:46 AM by Gail Tassey (Keller Williams Realty)


Dale, Good to hear from you, thanks for stopping by.  I don't know why this is behind closed doors but who knows what the big dogs are doing.

HI, Gail, If you hear other information on this discovery let me know.  There were two blogs in reference to this area in Canada about six months ago.  It was a AR member from Canada and he was so excited about all of the oil business in his area.

09/02/2008 06:46 PM by Don Eichler (Eichler Properties)


Details? I have heard that there was a huge amount of untapped oil reserves in the Rocky Mountains. Is this what you are referring to?

09/02/2008 07:00 PM by Patrick Randles (Sunstreet Mortgage)


Patrick,  The big part of this field is in the western 2/3 of North & South Dakota and extreme eastern Montana.  Located 1000 feet below the surface in the Rockies. James Bartis the lead researcher with the study states there are 2 Trillion barrels as reported in the Denver Post. 

09/02/2008 10:11 PM by Don Eichler (Eichler Properties)


Don - It is high time we begin to make our "elected"officials accountable to answer some of these questions. We want need and demand action.

There is strength in numbers and that is what it is going to take. The beauty of all this is the "internet" and information. Now what are we going to do with this information? Time to speak up folks and start making some demands. We need to call for action to take care of our needs in this coutry and if this means drilling, I say drill, drill, drill.....up, down, sidewayos, any which-way just get that oil out of the ground.

09/02/2008 10:22 PM by Carl & Ceil Winters (Complete Inspection Service, New Braunfels, Texas 78133)


Carl & Ceil,  We sure need to be drilling in this area and not off shore.  I just received another report on The Bakken last night, Canada is drilling here like crazy.  It seems that the news about this field is just now causing a little action.

09/03/2008 02:59 PM by Don Eichler (Eichler Properties)


Howdy Don

my friend

Sure am glad to see more folk's coming by to read and comment on your really fine post.

Maybe the U.S. oil companys will start look at also drilling in the Bakken.

Baker Home Inspection and Consulting

09/03/2008 07:53 PM by Dale Baker, Home Inspector- in NH & VT (Baker Home Inspections and Consulting Service)


Dale, Check out www.energyandcapital.com  for more information.  This is a company that invest and sells investment in the Bakken but the information is important. 

09/03/2008 08:36 PM by Don Eichler (Eichler Properties)


Howdy Don

my friend, thank ya kindly for the link. I just went there read the info and signed up for their e-Letter.

Don, you and Ricki are very fine folk's!!

I am really glad to have gotten to meet the both of you!!

Baker Home Inspection and Consulting

09/04/2008 04:59 PM by Dale Baker, Home Inspector- in NH & VT (Baker Home Inspections and Consulting Service)


Dale,  I am so pleased to have met you even if it only over the net.  I just wished that you lived in this area so we could enjoy your company.

09/04/2008 05:18 PM by Don Eichler (Eichler Properties)


WE NEED EVERY AMERICAN VOTER TO READ THIS BEFORE GOING TO THE POLES. IT'S TIME TO CONFRONT EVERY OIL COMPANY C.E.O. IN THE U.S. ABOUT THIS AND JACK THEIR BUTTS UP FOR THEIR "GREED" AND FOR NOT DRILLING ON THE BAKKEN OR ANWAR. IT'S TIME TO STAND UP!! PEOPLE OR NOTHING WILL EVER CHANGE. THE RUSSIANS STOOD UP AND BECAME FREE. THE EAST GERMANS STOOD UP AND THE WALL CAME DOWN!! WHY ARE WE NOT STANDING UP AMERICA? I FOUGHT FOR 42 MONTHS SO ALL OF YOU COULD STAND UP....WHY AREN'T YOU? GET UP OFF YOUR COMPLACENT BUTTS (POLITE VERSION) AND TELL YOUR ELECTED REPS IN WASHINGTON "ENOUGH" DAMN IT!!

                                                SGT. LUTHER LASSITER...RVN--'66-'70

09/08/2008 09:28 AM by SGT. LASSITER LUTHER W.--VIETNAM VET--42 MOS.


Sgt. Lassiter, First I want to thank you for your service to America and all Americans.  Your service  did not go unnoticed by most Americans.  We cried for you and all of the GIs that served this country.  War is a terrible event in any country even the one's that we should not be involved in.  God Bless America and God Bless you and all of your troops that did not make it home.  There is a time, as in right now that America should Bless God.

Canada is drilling in The Bakken Field and are developing oil reserves that will take them out of the grip of foreign oil.  I don't understand why our leaders, if you can call them that, are not active in drilling here in our own country but you can bet it is about money.  All of the Hogs eat out of the same money barrel.

09/08/2008 09:59 AM by Don Eichler (Eichler Properties)


DON, just read your comment to my message. thank you sir for acknowledging my and my brothers in combat sacrifice in southeast asia. we don't get it to often. i agree, hush money and lots of it is being used to stop the major u.s. oil companies from drilling the bakken. even more hush money is being spent to keep the american public ignorant of the bakken. IT'S TIME TO END THE SILENCE!!

WAKE UP AMERICA!!..WE HAVE 5 TRILLION BARRELS OF OIL RIGHT UNDER OUR FEET AND WE ARE DOING NOTHING TO GET IT!! "WE" ARE RESPONSIBLE FOR 4.00 A GALLON GAS PEOPLE!! WE'RE NOT STANDING UP!! NOW GET UP AND STOP THIS CRAP!!

09/08/2008 11:54 AM by SGT. LASSITER


Thank you Don for this very informative post. I have been following since your beginning post. It is ice to know some very special people like SGT. LASSITER has also commented. My thanks to both. It is definitely time some controls are taken and it is expected by the American people. We need to take back our country and get back to the road of greatness.

09/09/2008 08:14 AM by Carl & Ceil Winters (Complete Inspection Service, New Braunfels, Texas 78133)


Carl & Ceil,  You are so right we need to get back to what this country was and was meant to be.  Our Repub leaders have just about wiped out this country.  I read today where the CEO's of Freddie and Fannie are getting some very sweet deals, Say WHAT.  We need a change so bad and sure not the same old thing.

09/09/2008 12:28 PM by Don Eichler (Eichler Properties)


WELL FOLKS, i have to run my mouth again to make a very important point that's being overlooked by every american in this country. IT DOESN'T MATTER WHO IS ELECTED TO LEAD THE NATION!! NOT ONE DAMN THING WILL CHANGE UNTIL "WE" STAND UP !! and say "ENOUGH"!!. why am i the only one out here that sees the problem as it is? everyone already knows the president does not run this nation, it's our elected reps to the senate and congress that run our nation based on their empty promises and pet projects!! IF they ran our country according to "OUR" wishes there would be no homeless or hunger anywhere in this country and we would have $1.00 a gallon fuel with a more than fair profit for the major oil C.E.O'S. SIT DOWN, THINK ABOUT IT FOR A MINUTE OR TWO PEOPLE!!..i'm telling you the truth and all of you know it. NOW, LET'S STOP BEING QUIET!! AND COMPLACENT!!.."STAND UP"!!..."ENOUGH"!!!.

09/09/2008 02:00 PM by SGT. LASSITER


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Real Estate - Other: Don Eichler (Eichler Properties)
Don Eichler
Kerrville, TX
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