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Feds say Eagle Ford and Bakken could lead to end of U.S. oil imports [by 2037]
San Antonio Business Journal [via Texas Independent Producers and Royalty Org] ^ | Apr 10, 2014, 6:00am CDT | Sanford Nowlin -Reporter- San Antonio Business Journal

Posted on 04/17/2014 8:32:55 AM PDT by topher

Net oil imports to the United States could plummet to zero by 2037 because of booming production in South Texas’ Eagle Ford Shale and North Dakota’s Bakken Shale, a branch of the Energy Department projected in a new report.

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


TOPICS: Business/Economy; News/Current Events; US: North Dakota; US: Texas
KEYWORDS: bakken; eagleford; energy; naturalgas; northdakota; oil; texas
This makes Democrats so sad...
1 posted on 04/17/2014 8:32:56 AM PDT by topher
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To: thackney

ping


2 posted on 04/17/2014 8:33:33 AM PDT by topher (Traditional values -- especially family values -- which have been proven over time.)
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To: topher

naa.. can’t be! Democrats said we reached peak oil 40 years ago!


3 posted on 04/17/2014 8:34:38 AM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: TexasFreeper2009

the next thing you’ll be saying is that global warming isn’t real!

/s


4 posted on 04/17/2014 8:35:08 AM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: TexasFreeper2009

Yeah, but when Eagle Ford and Bakken are played out, THEN we’ll run out of oil!


5 posted on 04/17/2014 8:36:12 AM PDT by henkster (I don't like bossy women telling me what words I can't use.)
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To: topher

Until they figure out a way to put a stop to it and shut it down.


6 posted on 04/17/2014 8:43:37 AM PDT by dhs12345
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To: topher

President Opie will not be pleased.

It is proving more difficult for him to destroy America than THE PLAN forecasted.


7 posted on 04/17/2014 8:45:58 AM PDT by Iron Munro (The future ain't what it use to be -- Yogi Berra)
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To: topher

Obama might decide to issue an executive order proclaiming the Bakken Field a national monument...


8 posted on 04/17/2014 8:48:15 AM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: topher

Not if you believe this:

>http://www.freerepublic.com/focus/f-news/3145534/posts<


9 posted on 04/17/2014 9:06:31 AM PDT by G Larry (There's the Beef!)
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To: topher

don’t we import, refine and ship a good deal of it out


10 posted on 04/17/2014 9:38:43 AM PDT by Sacajaweau
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To: GeronL
Obama might decide to issue an executive order proclaiming the Bakken Field a national monument...

Well, there is Turtle River state park, near Grand Forks. I know it is not close to Bakken, but the Feds might try to shut Bakken down anyway, to protect the little turtles, like they said they were protecting the big turtles in Nevada. What a bunch of morons.

11 posted on 04/17/2014 9:40:10 AM PDT by Mark17 (Chicago Blackhawks: Stanley Cup champions 2010, 2013. Vietnam Vet 70-71 Msgt US Air Force, retired)
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To: topher

http://content.usatoday.com/communities/ondeadline/post/2012/02/us-exported-more-gasoline-than-imported-last-year/1#.U1AD-5rjhQI


12 posted on 04/17/2014 9:44:11 AM PDT by Sacajaweau
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To: G Larry; Hostage

Ping to your Bakkan Ocean alert!!


13 posted on 04/17/2014 9:52:08 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: Jane Long

*Bakken


14 posted on 04/17/2014 9:52:32 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: henkster
how come no one ever talks about Saudi Arabia running out of oil?
15 posted on 04/17/2014 10:00:40 AM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: topher

I hope there aren’t any turtles in North Dakota that need protecting.


16 posted on 04/17/2014 10:02:18 AM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: topher

All here need to go to thread # 3145534: Bakken Oil Reserve-Fed Takeover?


17 posted on 04/17/2014 11:28:13 AM PDT by ridesthemiles
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To: TexasFreeper2009

Nobody talks about Saudia Arabia running out of oil because nobody wants to think about it. Certainly not the Europeans, the Indians, the Chinese and the Japanese. However, do you remember the economic crisis of 2008? It was triggered by a huge spike in oil prices, and that shock burst the real estate bubble and led to the crash.

George W. Bush tried to forestall the crash by going to Saudi Arabia and asking them to open up the spigots. Reagan made the same request to help bring down the USSR by depriving them of foreign exchange. The Saudis agreed to do it for Reagan but this time the Saudis refused. But when I was reading the news articles about the Saudi refusal in 2008, I got the distinct impression the decision wasn’t that they didn’t want to. It was because they couldn’t.


18 posted on 04/17/2014 12:43:19 PM PDT by henkster (I don't like bossy women telling me what words I can't use.)
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To: topher

That’s funny. The USGS said that the Bakken in North Dakota and Montana will probably yield about 3.65 billion barrels (enough for the U.S. for a little over 190 days). We use about 19 million barrels per day.

The hoax is at least 6 years old, and financial publications were the first guilty parties in spreading it. Oil is going up. Summer will be slow for folks on government incomes wishing for increased debt/revenues from tourism. Deal with it. It’s shale. Shale plays don’t last as long before becoming unprofitable. We’re blessed to have shale oil at all during a time when hundreds of millions of new drivers will need fuel in foreign manufacturing countries.

Bakken Formation
http://www.snopes.com/politics/gasoline/bakken.asp

400-Billion Barrel Bakken Oil Field a ‘Myth’, says USGS
http://politicalbyline.com/2008/06/400-billion-barrel-bakken-oil-field-a-myth-says-usgs/

Huge Bakken Oil Field A Myth
http://jbscorner.blogspot.com/2008/06/huge-bakken-oil-field-myth.html


19 posted on 04/17/2014 2:35:20 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: topher

Get the NIMBYs out of the way to make haste with the Keystone XL pipeline. That would help.


20 posted on 04/17/2014 2:37:12 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: topher

oil imports will end by 2019. much sooner


21 posted on 04/17/2014 2:40:56 PM PDT by ckilmer
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