Free Republic

A geologist who estimated the Bakken formation in western North Dakota has far more oil than the Arctic National Wildlife Refuge died before other scientists could authenticate his study. Leigh Price, a scientist with the U.S. Geological Survey, published a study in 1999 that estimates the Bakken shales formation, which underlies much of several western and northwestern counties, may hold up to 400 billion barrels of oil. By comparison, the Arctic refuge oil reserve is estimated at 16 billion barrels. Now, Sen. Byron Dorgan, D-N.D., is pushing the federal agency to complete scientific work on Price’s paper as part of...

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant. In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota...