Saturday, December 26, 2009

Do you think we will drill the oil that was found in ND?

supposely it's enough to last us 100 years or so.Do you think we will drill the oil that was found in ND?
I'm not sure I understand your question. There are billions of barrels of oil in the Bakken Shale - it is just a question of how much it will cost to produce it and how much people are willing to pay for it. If oil producers can make money producing oil from the Bakken, they will do it - if they can't make money they will plug the wells and look elsewhere. Contrary to what some misinformed people would have you believe, there is NO conspiracy to withhold oil supplies in the United States - Jeez I get tired of hearing that bullcrap. The Bakken is a low permeability reservoir that requires special competition techniques and even then the production rates are relatively low compared to a lot of overseas oil. It sounds like you've been reading too much of the hype about the red-hot Bakken play in western ND.Do you think we will drill the oil that was found in ND?
The logic behind us having to pay high fuel costs is because it lines the pockets of oil industrial executives.





So why would they invest money in a project where we could have cheaper gas?





Personally, I would like to see a time when garbage and trash could be used as fuel.


So instead of taking your garbage curbside, you could run it through a device that would make fuel.
No, here in Michigan there are 1,000's of oil wells, all capped. The small guy was bought out by the big guy, who was bought out a bigger, etc. I know that they drilled for a decade in my township(48421), then shut them ALL down. The best way to keep prices up, is to not have enough.
We should drill and use the oil we have availible so that we


control the fuel prices.
No, the US like Importing oil to much to dig in our own country.

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