And this can do the same thing:
... if we give it a billion dollar subsidy or something...
... if we give it a billion dollar subsidy or something...
Don’t they know the president has declared oil “the fuel of the past?”
Algorobama is deeply saddened.
Too bad we can’t build more refineries in the upper mid-west.
Known Bakken oil reserves is not something new.
“...........History of Bakken Oil Generation Estimates
A landmark paper by Dow and a companion paper by Williams (1974) recognized the Bakken as
a tremendous source for the oil produced in the Williston Basin. These papers suggested that the
Bakken was capable of generating 10 billion barrels of oil (BBbls). Webster (1982, 1984) as part
of a Master’s Thesis at the University of North Dakota further sampled and analyzed the Bakken
and calculated hydrocarbon generation capacities to be about 92 BBbls. This data was updated
by Schmoker and Hester (1983) who estimated that the Bakken was capable of generating 132
BBbls of oil in North Dakota and Montana. Price (unpublished) used a more complete database
and estimated that the Bakken was capable of generating between 271 and 503 BBbls of oil with
an average of 413 BBbls. New estimates of the amount of hydrocarbons generated by the Bakken
were presented by Meissner and Banks (2000) and by Flannery and Kraus (2006). The first of
these papers tested a newly developed computer model with existing Bakken data to estimate
generated oil of 32 BBbls. The second paper used a more sophisticated computer program with
extensive data input supplied by the ND Geological Survey and Oil and Gas Division. Early
numbers generated from this information placed the value at 200 BBbls later revised to 300
BBbls when the paper was presented in 2006.........”
by Julie LeFever and Lynn Helms