Oklahomans: “We don’t need no stinkin’ pipeline”
yikes
A draft study by the late organic geochemist
Leigh Price provides estimates ranging from 271 to 503 billion barrels (mean of 413 billion) of potential
resources in place. The study represents Dr. Price’s work as it stood at the time of his death in August 2000. It
was conducted while he was working for the USGS, but it did not receive a complete scientific peer review by
the USGS and was not published as a USGS product
..............
however, later USGS estimates still put “recoverable” oil in the bakken at less than 15 billion.
so its hard to know what to think here. maybe its just a matter of technology. the more technology improves—the more oil becomes available for extraction. also price, as long as the price holds up lots of oil is available for extraction.