Posted on 06/19/2009 3:50:31 AM PDT by Paul46360
Reston, VA - North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil.
(Excerpt) Read more at usgs.gov ...
In the meantime....DRILL....Gas prices are already up $1....from 6 months ago.
Might as well shutter the USGS.
Their reports mean absolutely nothing to anyone in power.
As long as oil can be drilled, refined and used with no more of a pollutant than CO2(Plant food really)resulting, wind, bio and geothermal will be impractical and too expensive. Suck the deposit dry.
Drill HERE Drill NOW BUMP!
We could be sitting on top of Saudi Arabia and it would not matter the least to the idiots we have in office now.
There is plenty of it, and the genious’s running the government just let it lay there while destroying the economy with expensive energy.
It’s inexcusable to be aiding our enemy with our money when we could keep it in America.
And just think of the JOBS.
How many jobs are we talking about ?
Thousands ?
Rough necks, welders, truckers, laborers, managers , IT , the ripple in the economic pond would be unimaginable.
Drill here , drill now , or are the saudis just doing jobs Americans don’t want ?
So? 0bama and the 0bamunists won’t allow it to be recovered, let alone refined and distributed. That just wouldn’t support the spirit of despondent dependency he needs to cultivate in America if he is to fulfill his dream of a marxist state.
The Bakken isn't located under federal lands.
Unfortunately our present administration thinks it would be a good idea to put a wind turbine on top of the Bakken.
It will be when Zero takes over the area and signs an executive order to prohibit drilling.
BTTT
A buddy of mine who lives up in Montana sent me this a couple of weeks ago.
Drill now.
This phrase you use, “takes over the area”, what does that mean?
Wait a second! The "mixture" of true and false is in the snopes article. The information posted by the original posted on this thread is accurate. Don't mix the two, as they are not the same.
We don’t want to drill in the US and cause pollution when we can buy it from the Saudi’s.
We don’t want to creat blue collar high paying jobs for Americans when we can give them welfare benefits that are being paid for by the rich taxpayer.
No this is AmeriKa we can’t do anything anymore execpt appoligize for being a bad nation.
Heck do we even have any swagger any more?
Salazar and his minions are on to this...they are proposing a moritorium on stimulative methods for oil and gas recovery. That will essentially shut down a large portion of producing reserves.
Vince
It is interesting that a major find has been announced by an oil mini, Kodiak Oil, on an Indian reservation in South Dakota. Kodiak has leases on hundreds of thousands of acres there. Now do you think that the state of South Dakota or the U.S. Government is going to fiddle with Indians who can now afford some high priced legal talent? I don’t think so.
Exactly. There is PLENTY of oil in our country, especially here in CA. But the libs won’t let us drill for it.
The dept of interior is moving to stop the practice of Fraking...that is stimulation to remove heretofore small pools of oil and gas usually found in what are called “tight sands”. Yes I do think they will try to stop this no matter where under the concept of environmental control and misuse of water resources. Do you think the major oil companies don’t have scads of attorneys at their beck and call too. It is meaningless in this era of moonbats running the country.
The oil industry has known of the Bakken since the 1950s.
The problem is that some of those that haul the material after it has been removed from the well are dumping it. There have also been reports of vandalism, probably by the enviros, in which the well head valve is opened while the well is still pressurized and the material flows out on the surface.
The Bakken has some potential. But it ain't Prudoe Bay by a longshot. The oil is mostly in a dolomite sandwiched between two much thicker shales. Collectively “the Bakken.”
Ask Smok'in Joe if you really want to know. He has been working in the Bakken for an extended period.
If you re-read my entry you will note that I said that Kodiak had a major find. I am well aware that other much larger oil companies are drilling in the Bakkan and that they have had success. The resource pumped nearly doubled year over year. However, I think that Kodiak’s holdings just might be the prize of them all. The drilling, in lots of 1280 acres, indicates it can drill for years to come — although it is likely it will be bought out by an oil major. As for its relationship with the Indian tribes, it shares 50-50, which is damned good in any drilling operation.
In this era of political correctness I would choose lawyers representing Indian tribes over lawyers representing oil companies any day.
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