tank yanker in the oilpatch, recently moved from b.c..
June 13th, 2008
The U.S. Geological Survey just published its official results of a groundbreaking study.
Its report confirmed a massive oil reserve in an area the locals have nicknamed the "Bakken," which stretches across North Dakota, Montana and southeastern Saskatchewan.
The new USGS study estimates a whopping 3.65 billion barrels of oil in the Bakken... but here's what they didn't mention:
The reported 3.65 billion barrels of oil mean estimate is for 'undiscovered' oil only, and doesn't include known oil, such as reserves.
In fact, the study reports a 25-fold increase in the amount of oil that can be recovered... compared to the agency's estimate back in 1995.
Discovered over 50 years ago, the Bakken deposit--once impossible to extract--is now being hailed as the single largest oil find in US history.
That's because, today, thanks to breakthrough drilling techniques like horizontal drilling, the Bakken's oil shales can be extracted relatively cheaply.
When that happens, this light, sweet oil will cost Americans just $16 per barrel!
im a refugee of both orfay and its equally dysfunctional predecessor, yafro.. i love to stumble upon stuff and post it here, but i also post real pics that i've taken myself of work, nature, and family.
i am a father of twin boys and a 7 year old i dunno what...he's a pansy i guess, but a wicked bowler..
i like my beer and i drink frequently..( twins, remember?)...
applauding
