OIL: LOOK TO MONTANA: By Robert Haddick
Posted by CityBlogMT on July 15th, 2008
New York Post - June 8, 2008
The Bakken formation in eastern Montana and western North Dakota has been a minor producer of crude oil for more than a half century. But with the arrival of technologies such as improved horizontal drilling, it could be transformed from an inconsequential dud into perhaps the largest oil field on the planet.
How large? In an unpublished research paper he wrote while working as a geochemist at the US Geological Survey, Leigh Price (who died in 2000) calculated a mean estimate of recoverable oil from Bakken at a stupendous 413 billion barrels. This compares to Saudi Arabia’s proven reserves of 267 billion barrels.
The Author of this story, Robert Haddick, blogs at westhawk.blogspot.com
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Let’s start telling the truth in this country…we’ve been sold down the river by our leaders for decades. We have plenty of oil,natural gas (excluding politicians!), wind (once again, no pun intended), solar and other alternatives that we truly have only one shortage. A shortage of ascertive leadership. Start the drilling!