Report says up to 4.3 billion barrels of oil in Bakken shale

thestar.com ^ | April 11, 2008 | NA

[neverdem]

Bakken Oil

thread & http://pubs.usgs.gov/fs/2008/3021/pdf/FS08-3021_508.pdf

[toddlintown]

How many times are we going to hear this story before they start pumping/converting oil?

The story has whiskers.

[ModelBreaker]

How did this manage to slip by the greens? There are actually producing wells and they are digging more.

[The Iceman Cometh]

The way our country is right now, we could have oil shooting up from the ground in geysers and we still wouldn’t be allowed to use it.

[aruanan]

Some folks were saying 400 to 600 billion barrels, but the earlier possible reserves figure was 1.6 billion. It was 550 million proved developed reserves. If they recently went from 1.6 billion to 4.3 billion, that's a pretty good increase.

[Hoodat]

Don’t let the Dems find out. They’ll turn half the state into a wildlife refuge just as they did with Alaska, Utah, and Montana.

[Who is John Galt?]

4.3 isn't the half of it. You're lookin' at 10 offshore Kalifornia/Oregon/Washwhatever, and another 10 up in ANWR - with initial discovery dates older than most of the people reading this, and all completely off limits thanks to the Democrat Party.

Enjoy!

;>)

[drierice]

Well, then this should be headlines. There’s our self reliant energy solution. Problem solved. Next?

[Who is John Galt?]

Looks like you got your ‘billions’ & ‘millions’ kind of slanchwise. I only mention it, because (IMHO) the D@mocrats do it on purpose...

[MtnClimber]

If the democrats have their way, the “deniers” will have tape over their nose and mouth to prevent CO2 environmental destruction.

[ryan71]

Tell me something Guys...

If we pump like crazy in the US, doesn’t that oil go onto the “world market”? Just because we pump it doesn’t mean it’s sold here, right?

And if that’s how it works and if the volume was high enough to impact the world’s supply, that should drive prices down, right?

Still, I’d like to see it stay here.

[Westlander]

THE COWS WILL OBJECT

[Who is John Galt?]

It would be just another "liberal" regime with the victims counted (one by one by one) in the millions.

Nothing to see here, let's just move on, etc., etc...

[aruanan]

I was reporting what the link to the North Dakota site said: there were provable amounts in the hundreds of millions of barrels and possible reserves of 1.6 billion barrels. This later report increases it form 1.6 to 4.3 billion barrels. So, 4.3 thousand million barrels is a pretty good amount.

[count-your-change]

The article said that 105 million barrels had already been pumped.

[Uriah_lost]

He’s gone to bed but Smokin’ Joe, who works part of the Bakken play, thinks that the Gubmint is seriously low balling this estimate. You would want to be careful, something this potentially huge could cause real disruption. If the price dropped too far too fast, for example, the incentive to explore and exploit this would go away and we’d be back on the ME teat like we are now.

[Who is John Galt?]

If we pump like crazy in the US, doesn’t that oil go onto the “world market”? Just because we pump it doesn’t mean it’s sold here, right?

There are such things as transportation costs. Barring government interference ('Oh, What a Wonderful World!'), petroleum products would be sold (and used) as close as possible to the place where they were produced.

Don't forget your 'common sense'...

[neverdem]

FDA investigates transplant drugs' risks

Hermaphrodite Frogs Found in Suburban Ponds

FReepmail me if you want on or off my health and science ping list.

[Alright_on_the_LeftCoast]

This is disappointing, it was originally being stated there were 400 billion barrels. 4.5 billion sounds like a lot, but it only represents a 215 day supply for the US...we use 20 million barrels a day....nice to have, every little bit helps, but this is a little bit.

[Who is John Galt?]

Sounds good to me!