USA National Debt and Oil Galore!

April 30, 2011

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U.S. NATIONAL DEBT CLOCK shows that The Outstanding US Public Debt as of 30 Apr 2011 is over $14.29 trillion. The estimated population of the United States is 310,481,671 so each citizen’s share of this debt is $46,023.88. The National Debt has continued to increase an average of $4.03 billion per day since September 28, 2007!

If you think that the National Debt of the USA does not concern you, you could not be more wrong. The National Debt of Great Britain also concerns all of us in Great Britain. If you think that that does not concern you, you could not be more wrong.

A celebrated national debt “clock” near Times Square had to be rebuilt to allow for the extra digit. Of the $14.27 trillion national debt, some $4.62 trillion is money the government owes itself — mostly money borrowed from Social Security revenues. Without it, the “debt held by the public” is $9.65 trillion. According to Obama administration figures, just over $3 trillion of the $14.27 trillion debt can be attributed to Bush-era tax cuts, the wars in Iraq and Afghanistan and the Medicare prescription drug program. Stimulus spending by Obama and tax cuts he signed into law accounted for about $600 billion through last Sept. 30. If there are no changes in government policies, the debt will soar to $18.76 trillion by 2014 and $20.8 trillion by 2016, according to administration projections. –Source

Let us suppose the whole thing slipped up suddenly, your Pension was not paid into your Bank, your Income ceased to happen, whether from an employer or the State, what would you do then. Eat grass? Without income you could not buy your food, without gasoline (petrol) you could not travel to work or to the Supermarket. Without electricity you could not even have central heating, let alone use your computer or watch TV.

You think that could not happen. Wake up! We already have mad men driving us all to destruction. We already have mad men in the UK leading us to a position where we will have no Electricity! As our coal-fired stations are phased out we will all have to depend on Wind Turbines.  You think this could not happen? We are lead by ignoramuses, who are determined that it will happen.

Now I will tell you the good news. In the USA they have in the last few months discovered a vast oil field, the Bakken. The reserves are enormous, stretching from North Montana into Canada. They have enough reserves for some 2,000 years and more! That is not just good news for Americans, but for you and for me. Why have you not heard this good news shouted from the housetops? Why has it not been a headline in every national newspaper?  Because this is the best news since the Royal Wedding that happened yesterday.

The reason is that in every country including the States, we have a band of ignoramuses intent on hari-kari – that is, intent on destroying the economies of the Western World. We have fanatics here in England, there are supreme ignoramuses in the USA, and a crew bent on self-destruction presently governs Australia.

The economy of a country does matter to you and to me. That is why the news from the USA is so important. Their new reserves are 8 times those of Saudi Arabia; 18 times those of Iraq; 21 times those of Kuwait; 22 times those of Iran and 500 times those of the Yemen.

And shall I tell you why I so confidently talk about ignoramuses?  It is simple. There are those in high places who are so illiterate that they cannot distinguish between an Element and a Gas. Carbon is an Element of the Periodic Table. Diamonds are Carbon, Graphites are Carbon. We humans are 18% carbon by volume. Yet we have websites and politicians urging us all to watch our Carbon Footprints. That is just ignorant nonsense.

But what they mean to say is Carbon Dioxide. You know what Carbon Dioxide is? I will tell you. It is those winking little bubbles you can see in Sparkling Water, in Asti Spumante, in Coca-Cola, and in beer. It is colourless and odourless. It is used in commercial greenhouses to promote growth. We humans and all animals and bacteria inhale Oxygen and exhale Carbon Dioxide. If we want to preserve the Amazonian forest we need more Carbon Dioxide not less.

It is not black, grey or brown. Above all it is not smoke!

You think I am joking. I’ll bet that many of you still believe all that propaganda to the effect that we are pouring billions of gigatonnes of a noxious matter into the atmosphere. Well, think again. 97% of Carbon Dioxide is produced naturally, from the warm oceans, from outgassing from the soil and rocks. And who says so? The IPCC!

Handel had it right. “For we like sheep have been lead astray.” We are victims of the most massive scam that has ever happened in the history of the world.

So back to the good news – you see that massive debt that every American has round his neck, which is literally throttling them?  With this new oil-field America could in 5 minutes become free from its indebtedness. It could kick-start the economies of the Western World. It could stop burning food. Yup, burning corn for bio-fuels. It could incidentally help the rest of the world, known as the Third World. Uncle Sam would be rich and that would be good for all of us, for Peace and everything.

As long as the little people, with little minds, the Lilliputians, as long as they do not bind this Gulliver, we can, through God’s Grace, look forward to a Golden Age.

Anthony Bright-Paul
April 30th 2011.

PS 1

How much oil does the U.S. have in the ground?

In the Bakken Oil Field just recently discovered the USA have 8 times the crude of Saudi Arabia; 18 times as much oil as Iraq; 21 times as much as Kuwait; 22 times as much as Iran; and 500 times as much as Yemen.

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( 5 billion barrels)… 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,” reportsThe 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 can be verified. 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

Subject Related

Predictions of Gerald Celente

 

Gerald Celente on Rt Tv 12 May 2011:
http://youtu.be/uHrubrD1qW4

 

Gerald Celente on the Alex Jones show 06 May 2011:
http://youtu.be/qJFXe5z-02s

- – -

PS 2

Free Energy 400 Billion Dollar Secret

It cost the United States 400 billion dollars to import oil “last year”, seems a well rounded number given the barrels of oil imported and the 2007 price of oil.
It has consistently, for many years, been the stated goal of the United States to reduce or eliminate its dependence on foreign oil, therefore, if any alternative energy source seems capable of achieving that goal, it should be pursued with the utmost vigor. We have here in the United States the only method known to man which can take any non-nuclear material containing carbon,and using this process, deliver a diesel quality fuel oil in two short hours! The promise inherent in this system is to not only alleviate our dependence on foreign oil, but to do so while contributing to a major degree in cleaning the environment.

Watch this YouTube Video:
http://youtu.be/CWf9nYbm3ac

FREE ENERGY IS here! http://www.changingworldtech.com/

{ 20 comments… read them below or add one }

J.a. April 20, 2013 at 6:37 am

A political legislation can have that debt removed within a new administration that the nation is moving towards education for debt relief in the proper way alternate energy source billions then hydrogen from crude recycle fuel reduce pollution.

Reply

Jason apoyan August 16, 2012 at 7:08 am

Rise to fame make energy public citizen clock

Reply

Jason Apoyan May 6, 2012 at 3:10 am

Also the sugestions are just that, helped you out of debt to change your policies its a relief fund.

Reply

Jason apoyan January 6, 2012 at 5:35 am

Also known as project barren something could give here usa.

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Jason apoyan January 4, 2012 at 2:47 am

Nothing here debt concern fuel barrens.

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Eric Thompson December 3, 2011 at 2:10 pm

The information on the Bakken is sideways at best. The US uses 21 million barrels a day and the world uses 81 million barrels a day. So the world blows through 1 billion barrels every 12 days or so. That means that the world uses 5 billion barrels in 60 days. So even if you can get all the oil out of the Bakken 20 Billion barrels that’s 240 days of world oil consumption and a 1000 days of US oil consumption.

So unless someone can find a new Bakken every 6 months or so, well….bad news.

They are fracking to get at the Bakken oil, that’s why how much they’ll get out is in question.

The Bakken is only producing 2 million barrels a day, we use 21 million a day in the US.
One starts to see that although the Bakken is profitable it is far from a fix all for our energy issues.

Reply

jake July 5, 2011 at 7:15 am

The US consumes roughly 20 millions of barrels each day.

source:
http://en.wikipedia.org/wiki/File:EIA_petroleum_consumption_of_selected_nations_1960-2005.png

In 2011 the estimate amout of savagable oil in the bakken aria was 24 billion barrels.

source:
http://en.wikipedia.org/wiki/Bakken_formation

Simple math:
24.000.000.000/20.000.000 = 1200 days, or rougly 3 years worth of supply to the U.S. alone. 2000 years, utter noncense!

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Jason apoyan June 4, 2011 at 6:03 am

Too close for comfort,if you want to rise to fame get of the camels back its getting dark!!!!

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Jason June 2, 2011 at 1:11 pm

Good, lets use all of the foreign oil now in the Middle East, so we will hold all the cards in the future. Thats what people don’t get. Yes, it’s a pain to pay high gas prices now but when all of the worlds oil supply dwindles and we have a huge untapped resource we will regain out position as the premier superpower in the world.

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JTK May 15, 2011 at 12:07 pm

False claims abound in this article.

Lies, and obvious ones. 2000 years of oil! Such nonsense should raise a red flag for even the most gullible crank on the internet.

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now i see May 4, 2011 at 9:21 am

Wow, global warming doesn’t exist because of the bubbles in my soda? Thanks chief, glad to know you are out there keeping the ignorami in check.

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jason May 2, 2011 at 5:28 am

also a proposal to the us army to with draw all millitary operations in the middle eastern land, return home and build a national infrastructure using clean energy fuels housing that goes for ant other nation that wants to join in the fun.

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J.a November 26, 2012 at 1:59 am

Also the middle east energy should be cautious when trading with america’s current administration.

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jason May 2, 2011 at 4:31 am

you could pay your debt off by setting a national debt relief fund with the profits of those oil firms and using your own fuels.

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J.a November 26, 2012 at 2:12 am

So that means usa has rich corperate business from middle east fuel the people are put in debt for that then the war problem then make a sugestion to exstract huge amount of oil from your own land is that the alternative this is just about fuel power.

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Norton May 1, 2011 at 11:45 pm

Where do you get the “503 billion barrels” estimate? How about some links to some credible sources? The only link you give is to a USGS article from back in 2008 and it says the recoverable is 3 to 4.3 billion barrels recoverable. Oh, and 2 TRILLION?!?! I think not!!!!

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lmtsharon May 1, 2011 at 7:40 pm

“frac” ing mining of natural gas or petroleum can be extremely hazardous to the environment. It tends to pollute water tables. We actually don’t know the geologic impact – earthquakes??? I know we need to end our dependence on petroleum based energy rather than keep looking for more sources of this finite resource. We have plenty of trash and make more every day. Isn’t there anyway to convert that into an energy source as well as dispose of it. Isn’t it time for the oil companies to cough up all those “plans” for 70 mpg engines, more efficient/inexpensive solar, geo-thermal, and wind energies that have been quietly purchased and locked up or destroyed? Ala the marjuana conspiracy for petroleum based products and pulp wood industries, this is more of trying to sell us the “bad” way to make the oil companies more money. Gas is $4 a gallon, they are raking in billions of $’s in profits per quarter. There should be a limit to how much profit can be made as there is no longer any such thing as human decency. Greed is the god of American corporations and they own everything in this country including the government and the courts. Are the UK people really getting on board with the war-mongering, greed worshipping, tea and republican parties of the US??

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Stanley Cahill May 1, 2011 at 2:20 pm

All these countries are desert countries, is that what you propose for the U. S.? The oil companies would continue to gouge us, and would be doing it with our own oil. When big oil companies make over one hundred billion dollars a quarter “Profit”, multiply that by 4 to get their yearly “profit”. It’s not a shortage of oil nor location that is causing the high prices. It is simply greed and gouging! The U. S. Congress won’t do anything, because to many republicans are tied to oil companies. Do your research and see how much money George Bush Jr. and family, and Dick Cheney made off their oil stocks. Dick Cheney made one hundred million dollars on his oil stocks the year before he became vice-president. Check the financial statements they have to file to run for office. The Alaskan Pipeline was built with U. S. tax dollars with the promise that the oil would be used in the U. S. Now all the oil from the pipeline is going to Japan and being sold back to Americans in various forms and products for a nice Japanese profit. That really helps our deficit doesn’t it!

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Glenn Cox May 1, 2011 at 12:27 pm

The ironic thing is I have been telling people this for 50 years and no one would beleive me. I grew up on the west coast and we all new these figures. The oil companies began closing off proven wells in the mid 50′s and saying it was cheaper to get oil from the middle east…..

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Lester O. Ronholdt May 4, 2011 at 12:20 am

Hello Mr. Cox, I am from northwest N.D. and have been chasing rigs for the most part of 25 years. It is enjoyable to not have to run off to Wyoming or Colorado for work evry 10-14 days. Although I will ad,mit Williston does have some severe growing pains to contend with. I was a drilling superintendent with Pioneer until I had a bad health issue in 08. I am back in excellent health and working as a fishing hand. If this is the Glenn Cox I think it is, would it be alright to send you a resume. Or should I get one out to Jeff H. at Petro. Exp. If you have the time could you respond to me at the above email address. Thank you and lets “KEEP ROCKIN the BAKKEN”

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