Via: Next Big Future
The Bakken oil formation is possibly the largest conventional oil discovery in Canada since 1957. If this oil formation plays out toward the higher end of size and recoverability then it will change the geopolitics of oil and the economies of the United States and Canada. If a lot of the oil proves difficult to recover now, new technologies could still drastically improve the percent recoverable. The motivation to pull out another 100 billion barrels would be $9 trillion at todays prices. For more …
Isopach map of the Bakken formation in Saskatchewan, Canada (Map of the areal extent and thickness variation of a stratigraphic unit; used in geological exploration for oil and for underground structural analysis)
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Saturday, February 28, 2009 at 4:31 am
Dave Jennings
Unfortunately the US has a brand new Marxist Environmentalist President.
He is aiming toward a third world country here.
I am greatly in favor of the complete development of these resources.
It will buy time to enable future energy sources. It also will separate us from the genocidal Islamic nations. Maybe we can sell them water at $150 a barrel…and how about food?
A couple years ago I toured the Prudhoe Bay oil fields. I came away very proud of the Industry. The technology is amazing, huge areas can be accessed with a very minimal foot print or impact. The flora and fauna are flourishing in the area.
The natural gas is pumped back into the ground as well as the drilling tailings. The proposed Natural gas pipeline should be started immediately as well as the infrastructure for CNG vehicles in the USA and Canada.
It must be difficult to explain the record cold winter we have been experiencing for the environmentalists.
As it turns out we just had one of the hottest solar cycle known also water is a greenhouse gas. How could we ever control that?
Cheers
Dave