Where'd that number come from? We better get it at $35 or less.
Al Gore, Obama and IPCC are greatly saddened. All efforts will be expended to prevent development of this find and a carbon tax will be used regardless to make oil and coal much more expensive.
Hmmmmmmm, ND would be a good place to live if they secede. Gonna move in with my Bro-in-law in Minot.
I remember when that report came out last year. The environweenies went crazy because much of it is under Indian reservation land, and they were concerned that they couldn’t easily delay the drilling & refining development process with a ton of court actions.
Shale oil or good ol’ regular black gold?
For example, your posted article: The Energy Information Administration (EIA) estimates it at 503 billion barrels....
The USGS article: 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. (for those of you scoring at home that's a difference of about 500 BILLION barels.
It would appear that the article you posted bears no relationship to the article linked.
And in the ground it will stay....
We must do everything in our power to make sure that this oil is not drilled. If it is drilled and sucked out of the ground, think of all the prarie dogs that will die because of pollution and being runover by oil trucks and the buffalo, deer and antelope will have nowhere to roam. And the entire region will collapse into a huge crater when the oil is sucked out of the ground.
This descecration of the environment must stop and we must continue to complain about buying oil from the A-rabs!!! (scarcasm off)
The “environmentalists” had better get busy and stop us from developing it. Which they will.
I am from ND, all of my family still lives there and we have about 1000 acres in that area, there is alot of drilling going on as we speak. Take a look at Stanley, ND and see how that small town has been affected by the “oil boom”, not all positive, but alot of farmers routinely getting six-figure checks in the mail. Our family has 3 wells, with a 4th coming, alot of mineral rights, etc....Is the maximum effort being done up there? Probably not, but drilling is happening. Good people up there, I definitely would recommend living there to anyone interested. I moved to Phoenix 3.5 years ago and if amnesty is given to the illegal aliens, I may be moving back. God speed everyone! God Bless America!
At some point there will be a technology that does for shale oil what shale/fracture technology has done for shale gas.
The Bakkan fields have lost all financing, most of the operators have become dormant entities, and the drilling rigs are idled.
There were a lot of penny stock scammers working on that Bakkan play, and all lost their shirts if they didn’t get out of the stocks a week BEFORE that report came out.
Half Of The Oil In The Ocean Bubbles Up Naturally From Seafloor
science | Feb. 20, 2009 | ScienceDaily
Posted on 02/23/2009 6:04:24 PM PST by Flavius
http://www.freerepublic.com/focus/f-news/2192460/posts