Posted on 02/27/2009 8:00:10 AM PST by Lucky9teen
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.
Between Bakkan oil, other onshore oil, shale oil, and coal diesel in the lower 48 states - we have FOUR times the Saudis oil reserves and we could get at it for $35 a barrel and maybe as low as $25 without enviro disaster and it would reboot our country and economy.
This does not include offshore and alaska. Alaska has permafrost methane or hydrate gas under the ice onshore that could warm 30 million homes for over a decade.
Why do you think the Saudis own our environmentalists, TV networks (fox 15%) and the White House?
The states MUST grab this land back from the Feds. Utah’s clean coal is probably worth a few trillion.
The saudis want us to be energy serfs and O will flood America with Muslims like the left did in the UK.
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)
I don’t know....I got the text I posted in an email, went to the link, saw it had most of the same text and pasted it.
http://www.eia.doe.gov/pub/oil_gas/natural_gas/feature_articles/2006/ngshock/ngshock.pdf
Maybe the difference is between what is there and what is technically recoverable....
That was the price of oil when the article was written.
There were a lot of wildly inflated overestimates floating around before the USGS report came out.
It’s a nice field but it’s not remotely comparable to Saudi, and it’s fairly difficult to recover.
The “environmentalists” had better get busy and stop us from developing it. Which they will.
“Its a nice field but its not remotely comparable to Saudi, and its fairly difficult to recover.”
Yeah, my understanding was that oil had to be over 100 dollars a barrel before it was cost effective to drill.
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!
Save the offshore drilling and Help Sarah open anwr
Its all about National Defense, Drill for Oil Now
They are all owned by the Saudis.
The states under the 10th Amendment need to tell the feds to get screwed. We are taking back the fed land and are developing energy on the land.
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.
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