America Sitting On An Oil Bonanza?

Next Energy News ^ | 02/21/08 | Anonymous

[snarks_when_bored]

Let’s use up their oil first.

[RandallFlagg]

Gas Pump Stickers (What I'm doing about gas prices)

[joseph20]

Precisely what I was thinking.

[NonValueAdded]

Ah yes, the Burns Slant Drilling Co. /obscure

[CPT Clay]

Isn’t the Bakken only 15 ft thick in most places?
Or at least the oil bering part?

[Thickman]

Oops! Isn't there an endangered species or two up there that will give the Watermelons all the reason they need to stop this atrocity of American energy independence and economic stimulus?

[Incorrigible]

Excellent!

[imskylark]

Too bad we won’t be able to use it. Democrats will make sure of that.

[kellynla]

ping

[mothball]

I believe it’s a certain species of gnats.

[MarkeyD]

Yes, I think there is.

[thackney]

The stratigraphy of the Bakken Formation has been extensively researched and documented by North Dakota geologist Julie A. LeFever. Throughout most of the Williston Basin, the Bakken Formation has three members:

• The Upper Member, a 23-foot thick black marine shale;

• The Middle Member, an 85-foot thick interbedded layer of limestone, siltstone, dolomite, and sandstone; and

• The Lower Member, a 50-foot thick black marine shale.

Current efforts are now focused on the Middle Member of the Bakken Formation, which has more porosity and permeability than the adjacent shales.

Technology-Based Oil and Natural Gas Plays:
Shale Shock! Could There Be Billions in the Bakken?
http://tonto.eia.doe.gov/ftproot/features/ngshock.pdf
Page 3

[chuckles]

Yeah but what about the North Dakota flightless blind prairie dog salamander?

I'll be starting my campaign to save them this week. /sarc>

[goldstategop]

It would cut the price of oil here dramatically and we could give every American citizen rent-free income. Just like in Alaska. We could virtually eliminate poverty and class divisions in the country. Of course we have a Left that refuses to see how energy exploration and development at home can not only make America energy self-sufficient, it can lead to a tide that rises all boats at home. The question is why aren't we doing it? Think of all the money we can spend to make every American more prosperous and secure America's future and break the back of OPEC and Russia's oil despots. Let's not keep enriching our adversaries.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[saganite]

This whole article is somewhat off the mark. The USGS is likely to report the oil there at about 100 billion barrels for now because they only want to report the oil that is recoverable with current technology. The rate of recovery runs as high as 10% in some wells so it looks like 10 billion barrels or so for now. And lastly, companies have been drilling this formation since about 1997 or so. We didn’t just stumble across this discovery last year. Typical media hype. Still, this is a hell of a big deal and when the USGS drops the survey on us the networks will finally take notice and hopefully the price of oil will drop on the news.

[thackney]

Lets quit funding our enemies and use the dollars at home to develop our own resources including coal-to-liquids, oil shale and methane hydrates.

A couple hundred years after those have run out, we can move on to other technologies. Because we kept our dollars at home, we will be able to fund those as well.

[jjw]

i think we need a new group for pings, of fantastic technology and discoveries that will vastly improve our lives, but always five years from now. The cancer and diabetic cures can go here, the oil discoveries. The batteries that charge in 1 minute.

let me know when the oil is flowing, cause I don't buy it

[Thickman]

ping

[snarks_when_bored]

We give them paper; they give us oil. Seems fair to me.

Depleting the mineral reserves of your adversaries is also a reasonable goal.