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Bakken Formation UPDATE
AntiMullah ^ | Septermber 21st, 2008 | U.S. Geological Study

Posted on 09/21/2008 2:09:23 PM PDT by FARS

The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen knew was coming, but man was it big.

It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana ...

Check THIS out:

The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil.

(Excerpt) Read more at antimullah.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; Government
KEYWORDS: bakken; energy; newtechnology; shaleoil
Snopes admits partly true
1 posted on 09/21/2008 2:09:23 PM PDT by FARS
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To: FARS

Even Snopes admits it?


2 posted on 09/21/2008 2:10:52 PM PDT by null and void (I have proved Fermat's last theorem, but there's not enough room in the tagline to write the whole t)
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To: FARS

yeah?

ya daba do

Is it as large as the Athabasca Oil Sands @ 1.7 trillion barrels?


3 posted on 09/21/2008 2:16:25 PM PDT by himno hero
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To: FARS

Takes special extraction expertise:

http://www.petrobank.com/can-applicationoftechnology.html


4 posted on 09/21/2008 2:20:22 PM PDT by Paladin2 (Palin for President! (PUMA))
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To: himno hero

Don’t get too excited, president 0bama can destroy the industry the same way clinton destroyed mineral extraction in the Grand Staircase-Escalante area.

Stroke of the pen, law of the land. Kinda cool.


5 posted on 09/21/2008 2:23:03 PM PDT by null and void (I have proved Fermat's last theorem, but there's not enough room in the tagline to write the whole t)
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To: FARS

The world awash in oil. Who knew?

Oh yeah, a lot of us did.


6 posted on 09/21/2008 2:25:00 PM PDT by Balding_Eagle (God has blessed the Republicans with stupid political enemies.)
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To: FARS

Drill THERE. Drill NOW!


7 posted on 09/21/2008 2:25:13 PM PDT by upchuck (Law of Logical Argument: Anything's possible if you don't know what you're talking about. => nObama))
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To: null and void

go and check it out-

Athabasca oil sands

even wikipedia will do


8 posted on 09/21/2008 2:27:26 PM PDT by himno hero
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To: FARS; thackney

oil ping on The Bakken


9 posted on 09/21/2008 2:28:20 PM PDT by Issaquahking (Maverick Barracuda voter!)
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To: FARS

Why is the national media....even Fox News....completely silent about this ?


10 posted on 09/21/2008 2:29:16 PM PDT by colonel mosby
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To: FARS
> Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

That's enough to bail out Wall Street another five times!

11 posted on 09/21/2008 2:42:54 PM PDT by NewJerseyJoe (Rat mantra: "Facts are meaningless! You can use facts to prove anything that's even remotely true!")
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To: NewJerseyJoe

... it lies between Montana and N. Dakota - go figure!


12 posted on 09/21/2008 2:52:43 PM PDT by Ken522
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To: himno hero

I suspect 0bama would want to invade Canada and capture the fields to keep the oil off the market and further the goals of Ummah...


13 posted on 09/21/2008 2:54:18 PM PDT by null and void (I have proved Fermat's last theorem, but there's not enough room in the tagline to write the whole t)
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To: FARS
There are yet many lifetime's existing reservoirs, and so much petroleum yet undiscovered.

Thank God for high sea levels, biologics and sedimentation in the geologic pat.

14 posted on 09/21/2008 3:02:51 PM PDT by onedoug ( Barracuda!)
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To: FARS

Does SNOPES have expertise in discovering hydrocarbons.


15 posted on 09/21/2008 3:14:16 PM PDT by MSF BU (++)
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To: Paladin2

There is even more good news regarding new capabilities to extract heretofore unrecoverable shale gas.


16 posted on 09/21/2008 3:16:06 PM PDT by MSF BU (++)
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To: FARS

USGS estmates 3-4 billion barrels. Not 500 as some investment groups reported.


17 posted on 09/21/2008 3:38:22 PM PDT by TFMcGuire (Either you are an American, or you are a liberal)
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To: MSF BU
There is even more good news regarding new capabilities to extract heretofore unrecoverable shale gas.

This same technology may be used on "old" fields.

Under the old technology, the most that could be recovered is about 30%.

If they can recover another 30% or more, there is a lot of oil to be recovered.

18 posted on 09/21/2008 3:40:30 PM PDT by Dan(9698)
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To: colonel mosby
I would guess that one reason is that certain people don't want us to be energy independent or for our economy to truly flourish.

The Democrat "No Domestic Energy Policy!"

All of that puts the U.S. in a position that war for oil or
complete economic collapse will be our only choices.
You can't frustrate every source of domestic energy
without consequences. Our enemies will blackmail us
to the extent that we are vulnerable to blackmail.

The Democrats are leading us into a real war for oil.
A war we won't have the energy to fight. A war we don't need to fight because we have our own resources.

19 posted on 09/21/2008 3:40:56 PM PDT by TigersEye (This is the age of the death of reason.)
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To: Balding_Eagle

The US is awash in oil. All you need is the political will to go and get it!!!!!!!!!!!!!!!


20 posted on 09/21/2008 3:42:04 PM PDT by Former Proud Canadian (I would spend more time on FR but I have to make sure my tires are inflated.)
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To: Paladin2

Thanks for the link. Revives my hope in technology.


21 posted on 09/21/2008 4:00:45 PM PDT by tanuki (Summum ius summa iniura. (The more law, the less justice))
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To: TFMcGuire
USGS estmates 3-4 billion barrels. Not 500 as some investment groups reported.

Energy Information Administration is a DOE.gov, not some some investment group.

They say 503 Bbbl. I'm inclined to believe them.

22 posted on 09/21/2008 4:06:48 PM PDT by null and void (I have proved Fermat's last theorem, but there's not enough room in the tagline to write the whole t)
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To: TFMcGuire; All

Are you looking at the old estimates and not the ones based on improved technology?


23 posted on 09/21/2008 4:06:49 PM PDT by FARS
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To: FARS; SunkenCiv

Good News Post! from Anti-Mullah

USGS:

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—
Released: 4/10/2008 2:25:36 PM

http://www.usgs.gov/newsroom/article.asp?ID=1911


24 posted on 09/21/2008 4:08:18 PM PDT by Fred Nerks (fair dinkum)
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To: tanuki

Even wilder is this part of recovering/refining heavy crude:

http://www.petrobank.com/hea-thaiprocess.html


25 posted on 09/21/2008 4:08:43 PM PDT by Paladin2 (Palin for President! (PUMA))
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To: FARS
Excellent news. Now we should put our brightest minds to work figuring out more efficient ways of extracting it.

I'd love to work in that area, maybe I'll drop some hints to my companies bosses or find a company to work for that does that kinda stuff.

We can do anything if we try to. Put Sarah Barracuda in charge of it.

26 posted on 09/21/2008 4:38:33 PM PDT by McGruff
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To: null and void

There seems to be confusion here. The EIA get their information from the USGS.

The news reports of a couple months ago use the lower figure. I did see the higher figure on the EIA report as you said.

Here are the latest USGS figures I have read:

http://www.usgs.gov/newsroom/article.asp?ID=1911

I believe that the larger number may be the USGS number enlarged by a factor of 10.

Hope I’m Wrong.


27 posted on 09/21/2008 5:13:50 PM PDT by TFMcGuire (Either you are an American, or you are a liberal)
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To: FARS

The April 2008 announcement of the USGS was about 4.3 Billion barrels.

I was ecstatic about 500 Billlion barrels.

I haven’t queried either of the organizations about the discrep.


28 posted on 09/21/2008 5:17:20 PM PDT by TFMcGuire (Either you are an American, or you are a liberal)
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To: Paladin2

Holy s$%t! This changes the whole game! In situ refining? Welcome Canada, the new petro-power (and goodbye Middle East)!


29 posted on 09/21/2008 5:17:48 PM PDT by tanuki (Summum ius summa iniura. (The more law, the less justice))
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To: TFMcGuire
There seems to be confusion here.

Well, I'm confused!

I believe that the larger number may be the USGS number enlarged by a factor of 10.

Hope I’m Wrong.

Even if you aren't it's still a pretty respectable amount of oil.

30 posted on 09/21/2008 5:27:30 PM PDT by null and void (0bama: Why are you in the PUMA cage? Biden: I'm not in the PUMA cage, you are. 0bama; AAHH)
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To: null and void

We’ll take all he black gold we can get.

I hope it does turn out to be 500 Billion barrels.

You and I are not confused; it is the EIA and the USGS need to get on the same page.

:)


31 posted on 09/21/2008 5:40:30 PM PDT by TFMcGuire (Either you are an American, or you are a liberal)
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To: FARS; Fred Nerks

Thanks FARS and Fred Nerks.

http://www.freerepublic.com/focus/backroom/2086586/posts?page=119#119


32 posted on 09/21/2008 5:49:19 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/_______Profile hasn't been updated since Friday, May 30, 2008)
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To: Dan(9698)

This works for oil in addition to natural gas? If that’s the case then yes, this could double the reserves of a company like Penn West or Baytex or Apache.


33 posted on 09/22/2008 7:37:11 AM PDT by MSF BU (++)
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To: FARS
only scientists and oilmen knew was coming

Hardly been a secret around here:

http://www.freerepublic.com/tag/bakken/index?tab=articles

34 posted on 09/22/2008 8:21:28 AM PDT by thackney (life is fragile, handle with prayer)
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