How to play the Bakken boom--Commentary: North Dakota shale is a game changer
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By Kirk Spano
ELM GROVE, Wisc. (MarketWatch) — Bakken oil shale stocks have gotten a lot of attention online recently. Since I have written about Bakken stocks too, I recently decided to drive out to North Dakota to see first-hand what was really going on in the Williston Basin. Folks, if you haven’t seen it, you don’t know the half of it.
What I saw was a legitimate boom, the type that leads to cities being built and economies being stimulated. Infrastructure upgrades including roads, telecommunications, electrical, bridges, rail lines and pipelines were apparent not only near the boom town of Williston, but throughout the region. Subdivisions are also being constructed for the tens of thousands of people moving into the area.
Driving the growth is one of the best oil deposits in America. The Williston Basin is a closed system, essentially a 200,000-square-mile rock bowl filled with multiple layers of petroleum, including oil and natural gas liquids. The Bakken shale gets the most press, however, there are multiple recoverable levels, called benches, in different formations, including the Three Forks.
If much of the funding for the Global Warming Scam via the envimental NGOs from OPEC...this is very BAD NEWS for them.