Their is a big piece of land in Alaska, west of Prudoe bay that used to be called the Naval Petroleum Reserve. I also believe you will see colllege students out in the field studying the Bakken to further Prove or Dis-prove Dr. Price. i fully expect in the next several years at one of the williston or bakken meetings for a presentation on this matter. don
On Sep 25, 5:46 am, David <[EMAIL PROTECTED]> wrote: > Think of it this way: > > Every bbl of oil we are able to import from Saudi Arabia or elsewhere > in the world at a reasonable price to help satisfy our current > consumption saves a bbl of oil from our own domestic supply instead > for use in the future, when the cheap foreign oil is no longer > available, and we are doing a service to future generations by > importing oil to satisfy current needs now while still holding much of > our own domestic supplies in reserve. The Saudis may think they are > ripping us off when in reality the reverse is true. > > Isn't it neat tho that northwestern ND will be a major source of oil > from this reserve held for the future? > > But meanwhile, the leading exporter of oil to the US is not Saudi > Arabia, Venezuela, or any of the other nations that the public > normally thinks of as the big oil exporters, but rather Canada, our > neighbor to the north, a very friendly country that produces far more > oil than its comparatively small population can consume. > > When it comes to oil production and consumption, the real world is > very different from how it's generally portrayed in the media, which > loves to do scare and gloom-and-doom specials themed on the largely > incorrect notion that the world is somehow running out of oil. If that > notion were true, EOG would not be able to sink productive holes in > the Bakken at a company-cited direct drilling cost figure of $22 a bbl > and cite 100+% ROI numbers in their investor reports. Let's get real > here! > > In all of recorded history, mankind has used about a trillion bbl of > crude. The best estimate is that there are at least 2 trillion more > bbls out there, awaiting the next generation of drillers with the > brains and risk capital to go after it, the next generation of > recovery technologies. If Dr. Price was right, and the 2 trillion bbl > figure is right, 25 % of that 2 trillion bbls could be in the Bakken-- > in NW ND, NE MT and up into Canada. > > The recent efforts by EOG, Whiting, Continental and others to tap into > supplies in Mountrail and Dunn counties with drastically increased oil > flows from each well represents just the first step of what could be a > very long path that could ultimately make northwest North Dakota one > of the wealthiest places on earth. The UND projection on what could be > the percentage of millionairse in Mountrail county (2,000 out of a > total population of 6,500--counting men, women and children--) should > soon place that county among the very wealthiest in the nation, > perhaps putting many of the now very wealthiest counties on the eaat > and west coasts to shame. Stay tuned. > > David > > On Sep 25, 2:18 am, bradaz <[EMAIL PROTECTED]> wrote: > > > > > No, but there were several people that were basically in agreement > > with Matt Simons that we may be at a tipping point and we are relying > > on Saudi Arabia to have the reserves and be able to produce them for > > the next 20 years. Not sure what TV show it was recently about Abu > > Dhabi and they expect to run out of oil in 2016. Also one of the > > reasons Iran is adamant about nuclear power. They expect to run out of > > oil around 2020-2025. > > If the USGS had said 36.5 billion bbls, they may have made a point > > about it. 3.65 billion bbls is pocket change for future needs. > > > On Sep 24, 11:01 pm, go-devil <[EMAIL PROTECTED]> wrote: > > > > Not a word about the Bakken!! > > > > On Sep 24, 6:28 pm, [EMAIL PROTECTED] wrote: > > > > > There is a special on "Black Gold" in America tonight on CNBC 8:30 CST. > > > > Yes, its showtime!? got to go... > > > > > -----Original Message----- > > > > From: go-devil <[EMAIL PROTECTED]> > > > > To: Bakken Shale Discussion <[email protected]> > > > > Sent: Wed, 24 Sep 2008 8:10 pm > > > > Subject: FORT BERTHOLD > > > > > Found this awhile back its full of > > > > information:http://www1.eere.energy.gov/tribalenergy/guide/pdfs/fort_berthold.pdf...text > > > > - > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
