Posted on 05/01/2013 12:27:59 PM PDT by Nachum
Don’t expect the energy boom in Montana and the Dakotas to end anytime soon. According to the United States Geological Survey (USGS), the formations below these three states hold double the amount of oil and triple the amount of natural gas than was believed five years ago. National Journal reports:
The formations, called Bakken and Three Forks, span much of western North Dakota, the northern tip of South Dakota and the northeastern tip of Montana. The last time the United States Geological Survey assessed this area for its oil and gas reserves was in 2008. But that assessment did not include the Three Forks formation, which explains the substantial increase in the estimates. USGS estimates that these two formations together hold 7.4 billion barrels of undiscovered—but technically recoverable—oil and 6.7 trillion cubic feet of natural gas.
Reuters points out that USGS estimates are often conservative. The United States Geological Survey noted that 450 million barrels of oil have already been produced from these formations since 2008. Expect much more to come.
(Excerpt) Read more at freeenterprise.com ...
It is double only in the places the gummit allowed them to explore. It is more likely between 5 and 10 times since we have only explored a small percentage of our land.
Pray for America to Wake Up
My bet is that if you drill deep enough ANYWHERE you hit natural gas and/or oil.
Here comes the EPA with a giant cork.
High testosterone horse power hopes spring eternal! lol
Some of us came around to that years ago based on Dr. Thomas Gold's writings. That and the discovery that hydrocarbons (methane, etc.) are common on some of the other planets in our solar system and probably in the universe at large. Dead dinosaurs and primordial plant life (the "fossils" in fossil fuel) are not required.
The continued belief that they are is just one more example of the death grip scientists (aka the "experts") use to hold on to whatever conventional wisdom their theses, dissertations, and "publish or perish" writings were based on. People whose entire self image is based on airs of intellectual superiority find it especially hard to admit they could be wrong. I once royally pi**ed of my professor / academic adviser when I told him that I would not pursue a PhD by saying I was not interested in "joining the priesthood". My opinion about that hasn't changed in the 30 plus years since.
The left doesn’t want us to conserve energy because they fear it running out anytime soon -
they just don’t want us to use it because cheap energy = freedom for the common man.
Creeping liberalism is always a concern. One thing the Dakotas have to combat that is winter. Most liberals just won't put forth the effort to survive ours.
The EPA is planning using it for collateral to secure our debt to foreign countries as we borrow more to send to our enemies. Our Chinese overlords won’t be worried about environmental impact when they call in the debt.
Peek, oil.
There’s certain democrat demographics that don’t tolerate cold very well,
so there’s a voting block you don’t have to worry about skewing your politics.
Knock knock
who’s there
OIL!
How do imagine that will happen? How can towns expand to handle another 50,000 oil workers and the multitude of others jobs to feed, house and otherwise provide services and stay rural?
Are you betting real money? Want to buy some oil leases outside of a sedimentary basin? You can buy oil leases cheap in Hawaii for good reason.
There’s a place in Texas where they drilled deep enough and hit a pocket of molten sulphur ~ so that’s not exactly true in all cases.
They may well be at the doorstep of that one!
This is a flank attack........ it is justification that we don’t need the Keystone pipeline.
Sulfur melts at 239°F. Not that extreme when you go down to the depth we drill these days.
My problem with the statement was it sounded like we needed to establish government control to keep it rural.
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