Animadversions.

The weblog of Joshua Drescher

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Let’s DRINK… NORTH DAKOTA’S… MILK-SHAKE.

April 8th, 2008 · No Comments · Politics

Woohoo!

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

Horizontal drilling, my ass. I don’t care if we need to move every, single person in both Dakotas to a tropical resort for the rest of their lives in order to get at that oil. DADDY WANTS CHEAP GAS.

In unrelated news, the US has announced it may stop giving a shit about the Middle East some time in the next month.

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