[familyop]

"Just 600 million barrels of oil can be extracted with existing technology,..."

A little more than 30 days' worth of oil for U.S. consumption. Well, export it anyway, and save the whole economy. ;-)

[Smokin' Joe]

Funny, but the initial estimates of recoverable oil in the Bakken were pretty low. They have been revised upwards a few times now, and recovery in some fields has already outstripped the theoretical maximum for the formation there as recovery efficiencies keep getting revised upward. They started at 3%, and, in Elm Coulee Field, pretty quickly went to 10% of oil in situ, and may have been revised upward again.

We are getting better at getting more oil out of the formations, and every well is an opportunity to learn more.

The only way to find out is to drill and complete wells, and if that doesn't happen, all else is speculation either way.

[American Constitutionalist]

That is ? if the US consumption was solely dependent just on the Monte Ray Shale only, how much would it last if it was just a percentage of US consumption ? or added to the US reserve ?