To: Bitwhacker
What I have found is that drilling is occurring at the Bakken Reserve, but that the oil is hard to extract. Your link refers to an upcoming USGS report (since released) that says there is 3-4 billion barrels of “technically removable” oil there.
Where I live we have numerous offshore platforms, and drilling going on next door to houses, in parking lots and lots of random places. The oil platforms look really pretty at night.
I just have never heard that we have so much oil.
To: Crystal Cove; tillacum; Molly Pitcher
About that USGS report:
"The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel."
So, with oil prices "bottoming" at $109 a barrel, it appears to me that those 400 billion barrels of ND oil are in play, would you not agree?
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