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There’s Twice as Much Oil Below North Dakota than We Thought
Free Enterprise ^ | 5/1/13 | Sean Hackbarth

Posted on 05/01/2013 12:27:59 PM PDT by Nachum

Don’t expect the energy boom in Montana and the Dakotas to end anytime soon. According to the United States Geological Survey (USGS), the formations below these three states hold double the amount of oil and triple the amount of natural gas than was believed five years ago. National Journal reports:

The formations, called Bakken and Three Forks, span much of western North Dakota, the northern tip of South Dakota and the northeastern tip of Montana. The last time the United States Geological Survey assessed this area for its oil and gas reserves was in 2008. But that assessment did not include the Three Forks formation, which explains the substantial increase in the estimates. USGS estimates that these two formations together hold 7.4 billion barrels of undiscovered—but technically recoverable—oil and 6.7 trillion cubic feet of natural gas.

Reuters points out that USGS estimates are often conservative. The United States Geological Survey noted that 450 million barrels of oil have already been produced from these formations since 2008. Expect much more to come.

(Excerpt) Read more at freeenterprise.com ...


TOPICS: News/Current Events; US: North Dakota
KEYWORDS: bakken; dakota; drilling; energy; north; oil; usgs
Drill baby drill!
1 posted on 05/01/2013 12:27:59 PM PDT by Nachum
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To: Nachum

But not enough grammar to go around.


2 posted on 05/01/2013 12:29:21 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Izzy Dunne
But not enough grammar to go around.

;-]

3 posted on 05/01/2013 12:34:16 PM PDT by Paine in the Neck (Socialism consumes everything)
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To: Nachum

Doesn’t it occur to anyone that the earth is still manufacturing oil and that it keeps appearing and being discovered because the earth is always making more of it. So let’s use it! We can’t do anything else with it!


4 posted on 05/01/2013 12:34:53 PM PDT by cotton1706
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To: cotton1706

The process continues, but if the earth was making oil at the rate we are using it, and it has been doing so, we would be about 6 miles deep in oil across the entire globe.


5 posted on 05/01/2013 12:37:03 PM PDT by thackney (life is fragile, handle with prayer)
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and it has been doing so for 400 million years

Left out an important piece there....

6 posted on 05/01/2013 12:37:53 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Not when our Betters have so much invested in (our) poverty.


7 posted on 05/01/2013 12:37:56 PM PDT by 556x45
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To: Nachum
This is fracking great news!
8 posted on 05/01/2013 12:40:54 PM PDT by immadashell
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To: thackney

I’ve just never bought the idea that we’re running out of oil. The earth was making it for eons before we started using it. And whenever I hear about these new “finds” it always seems to surprise the scientists but doesn’t surprise me. The benefit of being a layman I guess.


9 posted on 05/01/2013 12:41:14 PM PDT by cotton1706
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To: cotton1706

I’m coming around to the notion that the earth does indeed “manufacture” crude oil and gas. There is just too much of it to have been organic deposits of dead animals. This explains to me why we are finding more and more, and gaining the technology to extract it. On the other hand, I don’t think the earth is replacing the oil at anywhere near the pace we are using it. Otherwise, wells in northeastern Ohio and Pennsylvania that started the American oil boom would not have run dry.

But yes, there is a lot of oil out there, and more is extractable every year. Will we eventually reach “peak oil?” Probably. But I’ll be dead, in the ground, converted to oil, and maybe pumped into somebody’s gas tank before that happens.


10 posted on 05/01/2013 12:42:03 PM PDT by henkster (I have one more cow than my neighbor. I am a kulak.)
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To: cotton1706

6 miles wasn’t a guess. I’ve done the math.

Without touching the arguement of the source of the oil, it isn’t producing at our rate of consumption.


11 posted on 05/01/2013 12:47:07 PM PDT by thackney (life is fragile, handle with prayer)
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To: henkster
But I’ll be dead, in the ground, converted to oil, and maybe pumped into somebody’s gas tank before that happens.

I never owned a muscle car in this life so there is my hope for the next! ;^)

12 posted on 05/01/2013 12:47:35 PM PDT by TigersEye (If babies had guns they wouldn't be aborted)
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To: Nachum

I’m also convinced that the earth has accelerated producing idiots and morons who jump on the AlGore bus called “Al’s Snake Oil,” and stymie whatever growth and advances these oil finds will produce.


13 posted on 05/01/2013 12:49:12 PM PDT by Ranger Warrior ("To stand in silence when they should be protesting makes cowards out of men." - Abraham Lincoln)
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To: henkster

It isn’t animals it is algae and the like.

Oil is only found in sedimentary basins. It is often found in layers under sealing rock with another layer above that with another layer of sealing rock.


14 posted on 05/01/2013 12:49:42 PM PDT by thackney (life is fragile, handle with prayer)
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To: henkster
I’m coming around to the notion that the earth does indeed “manufacture” crude oil and gas.

Oil and gas production is a geological process.

Geological processes are continuous (No catastrophism).

Therefore oil and gas production is continuous.

15 posted on 05/01/2013 12:49:56 PM PDT by MAexile (Bats left, votes right)
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To: Nachum
Just about 1000 trillion dollars worth of oil ~ enough to refloat our currency as the strongest money on Earth.

Makes the national debt look like a pittance

16 posted on 05/01/2013 12:51:48 PM PDT by muawiyah
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To: TigersEye

—— I never owned a muscle car in this life so there is my hope for the next! ;^) ——

I saw a 65 year old guy driving a blacked out, tricked out Mustang today, so there’s still hope.

I’d stop short of the fully tricked out version, myself. But it would be fun.


17 posted on 05/01/2013 12:52:27 PM PDT by St_Thomas_Aquinas
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To: Nachum

Well, when Idiot Generation dies out and kills itself off, the oil will be there for whoever follows.


18 posted on 05/01/2013 12:52:54 PM PDT by Clock King
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To: Nachum

Develop these resources and the state economies will skyrocket. People will come for work and welfare, cities will spring up, and cities are LIBERAL.

Care should be taken to develop the resource while keeping the Dakotas rural.


19 posted on 05/01/2013 12:54:58 PM PDT by ez (Muslims do not play well with others.)
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To: Nachum

While DC diddles Canada will suck all of it out & sell it to China.


20 posted on 05/01/2013 12:57:30 PM PDT by skeeter
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To: Nachum

It is double only in the places the gummit allowed them to explore. It is more likely between 5 and 10 times since we have only explored a small percentage of our land.

Pray for America to Wake Up


21 posted on 05/01/2013 1:00:46 PM PDT by bray (Surviving to spite Obama)
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To: Nachum

My bet is that if you drill deep enough ANYWHERE you hit natural gas and/or oil.


22 posted on 05/01/2013 1:01:03 PM PDT by E. Pluribus Unum (Islam is a religion of peace, and Moslems reserve the right to behead anyone who says otherwise.)
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To: Nachum

Here comes the EPA with a giant cork.


23 posted on 05/01/2013 1:06:02 PM PDT by headstamp 2 (What would Scooby do?)
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To: St_Thomas_Aquinas

High testosterone horse power hopes spring eternal! lol


24 posted on 05/01/2013 1:07:32 PM PDT by TigersEye (If babies had guns they wouldn't be aborted)
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To: henkster
I’m coming around to the notion that the earth does indeed “manufacture” crude oil and gas.

Some of us came around to that years ago based on Dr. Thomas Gold's writings. That and the discovery that hydrocarbons (methane, etc.) are common on some of the other planets in our solar system and probably in the universe at large. Dead dinosaurs and primordial plant life (the "fossils" in fossil fuel) are not required.

The continued belief that they are is just one more example of the death grip scientists (aka the "experts") use to hold on to whatever conventional wisdom their theses, dissertations, and "publish or perish" writings were based on. People whose entire self image is based on airs of intellectual superiority find it especially hard to admit they could be wrong. I once royally pi**ed of my professor / academic adviser when I told him that I would not pursue a PhD by saying I was not interested in "joining the priesthood". My opinion about that hasn't changed in the 30 plus years since.

25 posted on 05/01/2013 1:18:02 PM PDT by katana (Just my opinions)
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To: cotton1706

The left doesn’t want us to conserve energy because they fear it running out anytime soon -

they just don’t want us to use it because cheap energy = freedom for the common man.


26 posted on 05/01/2013 1:19:49 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: ez
Your; "Care should be taken to develop the resource while keeping the Dakotas rural."

Creeping liberalism is always a concern. One thing the Dakotas have to combat that is winter. Most liberals just won't put forth the effort to survive ours.

27 posted on 05/01/2013 1:24:50 PM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: Nachum

The EPA is planning using it for collateral to secure our debt to foreign countries as we borrow more to send to our enemies. Our Chinese overlords won’t be worried about environmental impact when they call in the debt.


28 posted on 05/01/2013 1:26:18 PM PDT by informavoracious (We're being "punished" with Stanley Ann's baby.)
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To: Nachum

Peek, oil.


29 posted on 05/01/2013 1:27:48 PM PDT by Rinnwald
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To: DakotaGator

There’s certain democrat demographics that don’t tolerate cold very well,
so there’s a voting block you don’t have to worry about skewing your politics.


30 posted on 05/01/2013 1:30:18 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Rinnwald

Knock knock
who’s there

OIL!


31 posted on 05/01/2013 1:30:46 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Nachum
They are drilling in ND for sure:


32 posted on 05/01/2013 1:33:19 PM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: ez
Care should be taken to develop the resource while keeping the Dakotas rural.

How do imagine that will happen? How can towns expand to handle another 50,000 oil workers and the multitude of others jobs to feed, house and otherwise provide services and stay rural?

33 posted on 05/01/2013 1:55:52 PM PDT by thackney (life is fragile, handle with prayer)
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To: E. Pluribus Unum
My bet is that if you drill deep enough ANYWHERE you hit natural gas and/or oil.

Are you betting real money? Want to buy some oil leases outside of a sedimentary basin? You can buy oil leases cheap in Hawaii for good reason.

34 posted on 05/01/2013 1:57:37 PM PDT by thackney (life is fragile, handle with prayer)
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To: E. Pluribus Unum

There’s a place in Texas where they drilled deep enough and hit a pocket of molten sulphur ~ so that’s not exactly true in all cases.


35 posted on 05/01/2013 2:37:50 PM PDT by muawiyah
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To: thackney
North Dakota has limits ~ first, how many peeps can deal with the climate.

They may well be at the doorstep of that one!

36 posted on 05/01/2013 4:31:02 PM PDT by muawiyah
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To: Nachum

This is a flank attack........ it is justification that we don’t need the Keystone pipeline.


37 posted on 05/01/2013 4:55:56 PM PDT by bert ((K.E. N.P. N.C. +12 .....History is a process, not an event)
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To: muawiyah
There’s a place in Texas where they drilled deep enough and hit a pocket of molten sulphur

Sulfur melts at 239°F. Not that extreme when you go down to the depth we drill these days.

38 posted on 05/02/2013 5:43:29 AM PDT by thackney (life is fragile, handle with prayer)
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To: muawiyah
North Dakota has limits ~ first, how many peeps can deal with the climate.

My problem with the statement was it sounded like we needed to establish government control to keep it rural.

39 posted on 05/02/2013 5:44:39 AM PDT by thackney (life is fragile, handle with prayer)
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To: Nachum
Frack U
nobody does it better !
             

40 posted on 05/02/2013 5:50:30 AM PDT by tomkat
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To: thackney
The gub'mnt already surveyed the land, divided it, tried to sell it ~ some of the railroad land still isn't sold ~ and then planted thermonuclear warheads in the ground all over the place.

That doesn't even count running off the Indians on behalf of the goldminers!

Gub'mnt doing something else to the Dakota country is probably in the cards but keeping it rural is the least of our concerns.

Think about all of our oil being located in a region we've made an attractive ICBM target!

41 posted on 05/02/2013 6:17:24 AM PDT by muawiyah
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To: thackney

Fur Shur!


42 posted on 05/02/2013 6:18:06 AM PDT by muawiyah
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To: thackney
Oil is only found in sedimentary basins. It is often found in layers under sealing rock with another layer above that with another layer of sealing rock.

Kind of like liberal ideology...

43 posted on 05/02/2013 6:32:48 AM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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