And mine is the geological survey that your link was referring to that was about to be performed on the site. A lot of the oil that was estimated is not recoverable.
http://www.nd.gov/ndic/ic-press/bakken-form-06.pdf
http://www.transworldnews.com/NewsStory.aspx?ID=42081
http://geology.rockbandit.net/2008/04/03/bakken-formation-could-boost-oil-reserves/
The last one hates the concept of finding oil. LOL.
BTW, I do not trust the USGS one little bit on this. Hired way too many stumpies over the years.
Well one thing for sure is that every time people predict production they are grossly wrong.
BTW, while every body ‘cept me is complaining about prices I still think it is not too expensive. I just drove up US 41 and it was packed. How many of those trips are necesary. 80% 90% 70%. How many are joyrides or due to bad planning 20% 10% 30%?
Are they all driving new Caddies?
When I see traffic down 20-30% I will believe prices are too high. Meanwhile we need to drill. Even 5 million additional domestic production is a huge impact on prices and exports of petro dollars. We need to get all we can and let price seek its natural level.
BTW, while every body ‘cept me is complaining about prices I still think it is not too expensive. I just drove up US 41 and it was packed. How many of those trips are necesary. 80% 90% 70%. How many are joyrides or due to bad planning 20% 10% 30%?
Are they all driving new Caddies?
When I see traffic down 20-30% I will believe prices are too high. Meanwhile we need to drill. Even 5 million additional domestic production is a huge impact on prices and exports of petro dollars. We need to get all we can and let price seek its natural level.