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
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notice the date on these estimates. 2008.
the shale gas revolution had barely got off the ground in 2008 and the shale oil revolution was still in the wings.
In both cases recoverable reserves have steadily gone up every year.
Thank you very much. Very informative! Maybe oil prices will ride long enough to keep the good work going and pay investors well. It’s likely that other countries will continue to add more vehicles/drivers and other consumers. The new demand is not all bad. We just need to make a few improvements to live better with the changes in energy markets.
One good, small change would be that of repealing regulations that favor subsidized alternative energy interests and seek to rob do-it-yourself-ers and small contractors who make superior, low temperature, no-pressure and cleaner burning components for small heating systems. There are no public utilities near me, so some experimentation has been done here. I can link to examples, if you have any interest in such systems.