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.  We have plenty of oil right here within the borders of the United States. The report was an updated one to the old 1995 version on how much oil was in the area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana known as the “Bakken”.    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… 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…

The problem is the environmentalists won’t let us drill for it and the foreign oil producers don’t want us to access it either.  Whose side are they on – the terrorists?  Hmmm….

Update: the US Geological Service report referenced above refers to 3.65 billion barrels of recoverable oil —not 503 billion…