The amount of dollars needed to be invested in Bakken is a lot more than in the easy oil in the Middleast, so the price of fuels won't go down too much as a result of extraction.
ND is poised to be the number two oil producer in a few months, and we now have our sights on Texas and the number 1 position. It's only a question of time, probably 5 years max before the Bakken is producing over 1 million barrels A DAY. There is so much potential, and technology keeps improving. Frack Baby, Frack. 504 billion barrels and give us time, it's coming to the surface.
@gorgepucas, you seem to understand "net energy" (EROEI) when it comes to ethanol, but you're ignoring the very same problem when it comes to shale oil.
If 100 potential barrels of shale-oil require the energy of 99 barrels (of diesel power, etc.) to extract, you're left with only ONE usable barrel of the original 100. Newer technology can't work miracles on shale.
That's why shale was always included in the 1970 U.S. oil peak as a very marginal source of oil, tapped only out of desperation.
Run the math on the EROEI (energy returned on energy invested) for shale and you'll see that this "boom" is only a boomlet that will never achieve a flow rate to match America's 20+ million BPD habit. It's dishonest to cite reserve figures without deducting the amount of energy needed to extract them.
Even a greedy oil-man like T. Boone Pickens understands the gravity of the 1970 U.S. oil production peak. Alaskan oil was always part of that peak, and that oil has much higher EROEI than shale.
There's 504 BILLION barrels in the Bakken. Technology is rapidly improving and virtually all of this oil will someday be recoverable. The Bakken is bigger than anything in the middle east. Let this field produce to it's fullest potential. You will be amazed at what comes out of it in the next 50 years.
@GermanShepherd1983, you're citing highly optimistic figures and ignoring the critical flow-rate (net-energy) factor.
Pretend there's a huge reservoir of water but you can only drain it with a few hoses. Or, you win the lottery but can only spend paltry percentage each day. Shale extraction is better now, but no miracle.
When you drop the hype and study the math, Bakken will barely make a dent in daily U.S. needs. Also, the trashed land and wasted/polluted water are not trivial factors.
@4aSteadyStateEconomy You are citing old figures. It's well known that there are 504 billion barrels and several oil execs are publicly saying that most of it will be recovered as technology advances. It may take 30 or 40 years to get at all this oil, but it will be extracted. ND is capable of fueling America.
@ScrumptiousYak911, show me a single official source that says "504 billion barrels" are actually RECOVERABLE. Do you grasp that concept? When I narrow a search to that phrase it only brings up 6 web pages with the same line you keep repeating, like the Bible validating itself.
Who has this deep insight that the USGS and EIA lacks? Post some names, other than random Internet hacks. All you're really doing is ignoring the whole concept of net-energy, which makes you not very bright.
@ScrumptiousYak911, A 2006 EIA report on the Bakken mentions "503 billion" barrels, which was likely misunderstood (on purpose) by Peak Oil deniers as being gross vs. net potential. I suspect someone made it into "504 billion" because it reads better than an odd 3.
See this overview: "Why the Bakken Won’t Save Our Bacon, By Steve Andrews and Randy Udall"
Also find a Snopes article on the Bakken Shale. Much of the Bakken hype seems to have come from investment newsletters, not geologists.
@GermanShepherd1983, you claim "504 BILLION" barrels but Google this quote to see the truth:
"3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation" (source: USGS)
4.3 billion barrels is LESS THAN ONE YEAR of U.S. oil consumption. Yes, it's more than we could have gotten with older technology, but it's still less than 1% of your hype!
People keep ignoring shale's lousy net-energy, which is reckless optimism, considering the stakes.
@4aSteadyStateEconomy ND is producing over 510,000 Barrels a day and we just keep ratcheting that figure up. The Bakken looks better every day. Can't wait until we pass up Texas and are number 1.
before you all start flocking here, either have a Class A CDL with HazMat endorsement or atleast a year previous oil field experience or you wont get hired. just letting you all know. i work as a floorhand here in williston, and i see people filling out applications all day most of them with no experience, and i know for a fact they wont get hired, and the HR department is so sick of getting so many apps from people who have no experience in the oilfield.9 out of 10 applicants dont get call bac
stop destroying our planet earth. oil and gas belong in the earth for a reason, dummies. you are imbalancing the planet. start using intelligence and use clean energy.
@sugarcanegray The irony is that it probably won't. If it reaches the point where the benefits of extracting the oil become so miniscule (input energy approximately equals output energy) those with financial sense will probably say "fuck it" and leave the oil down there.
@Standuble by the time it gets to that point, and I'm sure you're right about that, the far majority of people on the planet will have long been priced out of the oil consumption equation, meaning they can't travel, they can't afford food etc.... it's a bleak future for those who aren't rich.
Oh forgot this it took us 20 + years to get the Alberta oil sands up to speed , shale cant even imagine how long it could take and if in end would it even be worth the effort.
This is absolute crap , In Canada we have the tar sands and it takes 1 barrel of oil energy equivalent to get two barrels and thats from sand which is a whole lot easier and richer than shale to get oil from.This is people trying to con other people out of their money going after a pipe dream.
Horseshit! Even the wildest estimates of the Bakken oil reserves is under 25bn barrels, or about 6 years output for the Saudi oilfields. Of that, only 4 or 5 billion barrels can be easily recovered. Dream on America...until that hummer runs out of gas
They're always lying about how much oil is out there. I remember 30 years ago National Geographic had an article pretty much saying we would be out of oil in by around 2000. The Alaskan Pipeline was only suppose last for 20 years.....the wellhead pressure of 1500 psi has never gone down! There is just has oil now in that field as there was then. We could easily build 3 or 4 more pipelines. THEY'RE LYING TO YOU .....................AGAIN!!!
MN has used this "oil sand" since the 70s and gas was cheaper here than on the coast's. cost is not the issue -they make billions charging 20 dollars a barrel--and that's all the refineries are paying Canada right now but oil was changed to a commodity so the refinery can charge what speculators think its worth--- not what demand is..and as for people who say that's only like five years of oil-does this mean that their estimate of 2 Xs the Saudi reserves mean Saudi will be dry in 2.5 years?
If you want to learn more about the bakken or energy production in general in North America please google "thebakkenformation" Although the community is currently small we have a number of very knowledgeable individuals.
Right now Bakken produces over 450,000 barrels a day and gas prices still hover around $3.75 a gallon. I love these people that act like there is this infinite supply of oil. There actually could be close to an infinite supply about 6 miles deep, but human technology will never be able to reach. No material on Earth can stand up to the pressures that far down. Sorry- oil IS running out.
Using oil after all this time as the worlds primary energy source, is living in the dark ages! There has been zero dollars relatively speaking put into the creation and implementation of alternative energy sources to supply the worlds energy needs. 99+% of innovation/investment dollars are put into the control, improvement, and profiteering of what is a dirty old world technology. Profit is what drives the direction of the world petroleum industry!
No, its ease of technology production. The easiest is done first, and is used as long as possible. That's why steam engines are still used extensively today. (Don't believe me? its where most of the world electricity comes from!)
Oh its there, and just like the video says. Its what one would call Light sweet crude. You can almost put this in your car from the ground. Very little filtration needed (way better than Tar). If we tap it, we break our deal with the Saudi's. When the Saudi's get taken over by the muslim brotherhood/and/or/if/ the dollar takes a deep decline, the Bakkens true potential will be tapped. Wanna become filthy rich? Get involved with an Oil company now. I have a list of them small and large.
The second coming of the industrial revolution. America needs to liberate its energy capacity. America needs to liberate the American might. Push aside the liberals, and the social communist. Step on the toes of the environ wacko fanatics. Lets take back our lands and be liberated once again.
Its a total scam. The USG estimates there may be 3.5 billion barrels in an area the size of Montana. Enough to feed us for six months. Compare that to the find off Brazil (33 Billion Barrels). Want cheep oil ? Stop using so much.
Who cares if it supplies the US with only 3 years of oil. The money is tremendous and something this country is in dire need of. And all the global extremists can take a long walk off a short pier. North Dakota has been a great supplier of energy and revenue of this country and has done quite well with clean coal and making suppliers reseed the land after they have used it.
@grejalbert That's right, we can stuff the entire worlds billions of people into sunny Hawaii. And overcrowding, sanitation, no water, disease and no place to grow food with every single person crammed into those few warm places--that's biologically brilliant.
Primates should not try to live in snowy, cold areas. It does not make biological sense. Oil and money addicts are corrupt and diseased. CarFree . com -- FreePublicTransit . org -- BicycleCity . com -- PostCarbon . org -- Puppets of the oil/automobile/asphalt/military/congressional cartels, free yourselves. Oil addiction is suicide, like alcoholism. Oil addicts are like winos: deny, deny, deny. Corporate media is a brainwashing scam. Polluters are crooks. Prosecute and imprison.
I have had it so much that I have decided to go beyond OIL and fed up with this trash and Lying thieving scum in charge of Petroleum and our gas...I did big research into Fuel that is great to use in The summer....but not too good in winter due to cold temperatures but no question anybody can make it and stick it to Middle East and run cars cleaner and of course so much cheaper. E-85 it's time now!
Not sure what the $-per-bbl figure used for that "$1 trillion" given here is supposed to be. If it's $100/bbl then it's no better than conventional crude and that's only 10 billion bbl, about 2% -- 'bout what the USGS says is recoverable. At this laughable $16/bbl that's $160 billion of oil.
Bakken is not cheap or easy oil. It's "shale oil", which is difficult (= expensive) to extract and has a low energy return on investment, i.e. it is a "worse" energy source than cheap, light, sweet crude (CLSC). The days of CLSC -- or "cheap oil" for short -- are over. According to USGS, only a small percentage of the reserves are actually recoverable with current technologies. This hints at the difficulty of extraction -- this is NOT cheap oil. I have NO clue where he gets $16/bbl from.Do you?
@mike4ty4 Do more homework. The bakken is light crude there is no extra processing that goes into it other than horizontal drilling and fracking. Also, fracking is safe in general and very safe in North Dakota because of the depth and lithology of overlying units near the Bakken. $16/bbl is way off it is more like $50 to $70 depending on the well. 16$ might be a min to pay off the well over time at best.
FYI -operators put producible estimates at 10-20 billion bbls now.
wow that's so good! I mean I live in Australia. But theres no doubt we'll probably import some of this oil. SO yay! This will hopefully give us more time to develop Solar energy, and other forms of energy.
@EdisunSolar So are they saying we NEED oil? Thats funny because GEET was invented 20 years ago. If anyone had a brain they would youtube "geet mower in tall grass" or "geet generator runs on coffee". Then google "free geet plans" IT runs on 80%water and 20%used oil. We dont need oil.
on top of that, PRICE is not about supply. Wm Engdahl est at $140 that 60% of price is energy futures speculation by traders, NOT caused by OPEC (tho they prolly participated in futures spec). "Paper Oil" drives up price by fake demand, not a sudden shortage or demand during Bush admin, but dereg of financial markets. Bush offered Saudis weapons and nuke tech! but they said they would not pump more. Why? The MARKET was not asking for more oil, no glut would counter NYNEX and London ICE.
just google Bakken. The Oil Drum is a site which explains the unfeasability of Bakken in technical terms such as porosity of rock and capillary size of flows, compared to easy oil. So it's waaay energy intensive to get AND it's way harder to refine. Antonia Juhasz video on Tyranny of Oil explains Shale Oil extraction in graphic terms, the 14 story dump trucks needed to cart away the earth, the lakes of waste water needed (for tar sands) and for what? Propaganda
@dilbertgeg Must be mistaken , the Bakken is some of the nicest Oil you will see , seperates in seconds , and needs very little refining. But what do i know , i have only been working in the Bakken fields for 5 years.
I got fed up and converted my home to a net-zero solar powered home that uses no oil or gas...I made a video about what I did called, "Preparing for peak oil"....
Conserve oil and stop bitching about enviornmentalist tree huggers. I just hitch hike on I94 thru Bakken. All the roughnecks buy a gas guzzling oversized truck as soon as they get a pay check.
If you have a problem w/ tree huggers or foreign oil, just look to yourself. YOU are the problem.
I'd rather be run by China, where China puts crooks in politics in jail, not give them a pension like in NJ. At least they know when they need oil they don't have to answer to the Sierra Club like the US does. Watch CCTV 265 on Dish Network and tell me things aren't clicking in Bejing!
Well I know for a fact a huge pipeline project is being built in the area now to carry oil.. Its not being talked about. because the oil companys havent figured out a way to steel it from the American people..Civil war? break up of the union? To be sure they will find a way to rob America, Just like wallstreet did us...Thats our oil.PERIOD
With new horizontal drill technology, companies are now able to extract 10 times as much oil in the Bakkens as compared to when they initally started drilling it. At the moment large cap plays have started to buy out small caps in the area and staking large claims as well. If your a believer and an investor in oil, take a look at some of these plays. US: EERG, WSEG, CPWC CDN: RYD, ATK, REL.
Crescent Point Energy(CPG) alone has acquired seven small cap plays this year.
I consider "global warming bullshit" be all the scare tactics and new taxes our government wants to put on us, that doesn't mean we should pump as much greenhouse gasses as we want. We have one planet with a growing population. You want your future generations living in planet fucked up by us.
I'm fairly positive all this CO2 being pumped has some effect on our atmosphere, I just don't like to be scared into paying higher taxes by the government.
Scientists themselves said this would probably turn into a political nightmare.
@0rangePete Europeans, the Japanese and the Australians tax gasoline to astronomic levels. What has this achieved? They all drive 4 cylinder beer cans that get 50 to 60 a gallon. This and other efforts has made the per capita oil consumption of a Western European half that of an American. There is a reason Europeans don't drive 12 mpg SUVs...The government taxes them out of existence, not subsidizes them. Taxes are absolutely the way to discourage socially and self destructive behavior.
@vdub350 "I'm fairly positive all this CO2 being pumped has some effect on our atmosphere"
There is less CO2 detected off the East Coast of the US than the West Coast. The wind blows from west to east. Since there is no cause, there doesn't need to be an effect.
@hitssquad The way things works in the scientific community is someone has a theory, others critique and others accept the theory. Than new information comes along disproving this theory. This is what's been going on with global warming.
The general public: They here something they don't like and naively call the scientists stupid. Then more scientific information comes along disproving the scientists theory, and the public again, naively reassures its original belief the scientists are stupid.
Im a GIS guy but have done extensive research on this. So true, the earth has cyclic wobbles and elliptic eccentricities (Milankovitch cycles). 100,41,21 thousand year cycles, geologic and ice core analysis proves this. Most of the time earth is in glaciation since the pleistocene period. We are currently at the end of a "brief" warming period. The magnetic pole shift and rising waters is one small effect of these cycles.
Yup, you are short. I study too. What about fast growing rates of CO2? If it is now 382 ppms... and if it grows over 550 ppms? It is rather childish to think that all consumer culture front of our open eyes doesn't have any effect. Our population it too big to have that "one way". And anyway, we should sweep that "blame" away. Like we would have that emotional luxury for question.
@williamwagener haha this exactly. Ice age, hot age, ice age, hot age. Ice cores from antarctica have show this. They have shown high and lower CO2/O2/methane/whatever gas levels over time than now. And it follows a rough pattern.
Global warming? I'm pretty sure the earth is getting cold. Record snow falls in the USA last winter, record colds in Australia now(like 5 year records).
But you have to give them credit for finding something to scare people away from oil with and still make money.
@johnsenkenn YES, or course, It is dangerous to be Correct , when the government is wrong. The Founding fathers were lonely, always a minority, only 1/3 were willing to fight or contribute to defeating the King George. 1/3 sat on the fence,
1/3 stayed loyal to British. Just because you are a minority does NOT mean U R Wrong. Galileo was totally alone in standing up to the Wrong headed Catholic Church, and stating that Earth was NOT the center of Solar system. Alone, but correct.
@johnsenkenn No, because true scientists just look at the Data, and don't try to make a stretch to conform with a political agenda.... unless then need a spponsor or a Federal Grant. I have not asked for either, ever.
@williamwagener cant know for sure because in all your studies you never had a period of time with human pollution like it is now to compare too. i know the sun is the biggest factor and you could argue g.w. all day but you cant deny global pollution on never seen scales.
@toob247 The WORST POLLUTION, is the CHEM TRAILS spraying all over the world, and Oct. 21, 2010 in Nagoya, Japan a United NAtions Conf. of almost 200 nations called for and END to "Weather modifications" by CHEM TRAIL spraying.
See REUTERS report. Governments are intentionally doing this for devious reasons, and without consent to the World Population. Politicians won 't generally even discuss it.
@williamwagener I have seen and photo'd some very convincing chemtrails. We are definitely polluting like never before and I hope the chemtrails are only to reflect sun light and not to poison or crop dust us humans, but it is clear whether or not people in general believe in over population the elite do so it wouldnt surprise me.
@DeanoProductionsTM No, because the other planets are also seeing temp. change, and we have had NO IMPACT on the Other planets. There is something else going on, we are only beginning to grasp the questions to ask ourselves, much less the answers.
@williamwagener I agree that change in climates etc is a natural process. I merely asked if we are helping it along. Even if Global Warming is being made a mountain out of a mole hill, there are local environmental issues with a lot of the activities that are made "okay" things to do by monetary economics. For example, it is economic to not clear up after a huge spill in remote area if it won't affect PR or profits. Local people and local ecosystems do not matter. No meaningful en. consideration
You are mixing it up, global warming and disliking our industrial time, and mixing it up with ideology such as scrap the cars plow up the freeways, central planned housing, central planning collective transport, and such. Global warming is a hoax, made for populations control.
@kennjohnsen Probably because I was loosing the argument.. not very honorable of me, soz. What do you guys make of the so called evidence for us speeding up the process (going by previous time scales of global temp. increases), and the possibility of this faster increase in >rate< being linked, if not caused, by the amount of stored energy being burned (creating lots of CO2) which is suddenly being released into the atmosphere over this recent age of industrialism? Fabricated evidence?Bad logic?
I don't know about evidence about speeding up any global warming, how can you get such evidence. What I can se Pier Corbyn is good at forecasting the weather, And he does not have anything to with global warming. Global warming is a white-collar hoax...scam.
@kennjohnsen I hope you aren't basing your whole opinion on the matter just by this Pier Corbyn guy being good at weather forecasting and since he is good at that, thus must be right with global warming. I'd like some evidence (solid) from you, and/or other people, that it is a white-collar hoax, before I believe it.
The technec he use to forecast the weather proves that CO2 caused global warming is wrong. The ice core is a good evidence. And he forecast clobal cooling.
@DeanoProductionsTM Even Local [ say under 10 sq miles ] effect little beyond, for example, the sulfur hot water releases at Yosemite, smell bad, but beyond a few miles from it, it has litte or no effect. Los Angeles City, has a average temperature about 2-6 degrees above what it would be if not for people, lights power use. It also creates smog, which can be tracked all the way to Las Vegas. Global nada.
I guarantee that you, as a person, have caused more damage to the environment than you think. If you walk on man made concrete, and live in man made shelter, you're the problem. Now...What are you going to do to make this a better world to live in. We do not have the answers yet, so it's not going to help our economy or our way of life to shut Energy companies out of our natural resources. We need jobs, and they pay better than 98% of the rest of the greedy companies out there.
The question you should be asking is: Who can afford to put it back the way it was. Not Towns, or Cities, they never go away. Not Construction Companies, and definitely Not all of these environmental groups. Only Energy Companies have the ability, and necessary funds to this, and with proper governed guidelines, it will be put back the way it was, or in most cases better than it was. Look around you before pointing fingers.
While these numbers would appear to indicate a massive reserve, the percentage of this oil which might be extracted using current technology is another matter. Estimates of the Bakken's technically recoverable oil have ranged from as low as 1% — because the Bakken shale has generally low porosity and low permeability, making the oil difficult to extract
$16 a barrel is expensive, it costs $4 a barrel from the North Sea and only $1 a barrel from the Arabian desert!
After exploration and development costs, governemnt taxes etc crude needs to be well over $100 a barrel to justify extraction so the idea of 'cheap plentiful oil' is just a pipe dream!
even if it contains the highly doubtful ammount of 500bbl thats only 15 years of world wide consumption at CURRENT rates.(less than 10yrs once you factor growth no doubt)
Worse than that no 1 oild field in the world I have heard of has ever pumped at more that 2.5 million barrels a day peak. I could barely see this region making half of the 20m barrels and growing demand for oil in the US alone....
burning it for fuel, it releases carbon back into the atmosphere which was before perserved in the time of dinosaurs.
predictions say that as the antarctica ice melts due to global warming which acts as a circulation for our planet earth. The air we breathe will be 8 times as bad and filled with toxic gases.
A way to save the planet is to grow more
vegetation where carbon will be stored in the microscopic pores into the ground and will be used as oil.
Global warming? the tempurature has been DECREASING for the last ten years. Global warming was a political scam to empower the U.N. nothing else Al Gore sells "carbon Credits" that aren't worth the paper they are printed on. A snake oil salesman writ large.
as stated global warming is taking effect as the antarctica ice warms weatherly. As it melts there will be no more circulation for the earth we live in today and all will be left is hot air current breezeing though.
Therefore the earth we know today will be hot then it has ever been just as more is released.
The temperture is both decreaseing and incraseing because weather cannot take
stable control. whether is either reflect the coldest and the hottest days increaseingly.
places such as australia. europe and many other places.
We can already see the effects of global warming which acts as a blanket for our earth keeping inside the heat. To see the temperture decreasing you will soon see the effects as glaciers, ice mountains begin to melt.
Have you ever noticed that people in general are the sole cause of flooding. all of our creeks, and rivers are being held in their banks with levees and concrete flood walls.
you are the majority, if you really think about what humans do with all of the rain water we receive now, you'd understand. Everything in a city is directed straight to our rivers, with no chance of actually seeping into the ground. The same with most farmers, they tile all of their fields so that all of the rain water is directed towards the nearest creek or river. How about all of the new wider roads with storm sewers that again is directed straight to our rivers and streams. Open your eyes!
its true that our waters lead into water storage inside a city but what does not make sense is why are borders of some low atoll countries being swept by high level of water and melting of ice mountains and glaciers.
assuming we were the condescending problem of the flooding it doesn't explain the high increase in temperature and higher level waters.
it is obvious global warming is taking its toll
as stats say average temperatures have increased at a sharp 0.6 since the last decade
Could it be that the oceans are also higher because all of our run off is going directly into it? We do not let our rain seep into the soil like it did just 50 short years ago. So instead, it is running as fast as we can make it run into the oceans. I like to look at the obvious and after this year your high temp data will go down, because most of the North American continent has experienced a very cool summer. I just refuse to jump on any band wagon.
Oooo, dramatic video, complete with Godspeed You Black Emperor music! Unfortunately, the truth is that Bakkan is shale, and not even remotely economically viable. Peak oil is real, and those who are heralding it have no motive besides acknowledgement. We know you don't wanna accept it, as it's painful. But geology isn't lying to you. Neither are the failing world markets.
China is on the way up, the usa going down. To say Obama is our saviour makes you an utter fool. He is your false god, and you will not survive. Oil is our life blood, and he is replacing oil with cap and trade taxes. what a fool you are. Bush would never do this to us, as bad a president . He believed in drilling, and so does EXXON knows how. And drilling is not polluting. Your rhetoric is. If you don't believe the USA is in serious trouble, your words show it is on the way down.
We are not running out of oil. Oil is always producing beneath the sea. Its just that you communist pig Democrats want to see us shut down and not have any energy source, including nuclear.
You facists pigs are tearing up America as we once knew it. Obama is the most dangerous president the USA ever feared. We're done, America.
Well, which is it, reactionary Fox News disciple? Communist or fascist? You realize the two ideologies are diametrically opposed, yes? Read a book, RW parrot. No one is buying your pap. Unbridled, unregulated capitalism is what has led us to this sad pass. But you keep right on blaming one party, and giving a free pass to the other... Well done.
And don't use Godspeed You Black Emperor's music for a video that promotes fucking oil drilling. They are anarchists whose music partially depicts the failure of such an oil-drunk, failing civilization.
If this was slightly true why does USGS put estimates at 4.3 billion barrels and cost of production at close to 80 dollars a barrell. This video is absurd. If this was also true, you wouldn't be telling everyone where to invest, you'd be hording positions for yourself. Hmm gas at $35 a barrel and it cost $80 to pull it from Bakken. On top of all that its under 3,000 meters of rock that is very difficult to drill. Do some research before you jump on this.
yes totally agree, I am in the business and it is very expensive to drill up there. The USGS est are around 4 billion but they usually are a bit on down side of things. Estimates in North Slope turned out to be alot more then what USGS est. The oil is there, have to horz drill to get it, about a million plus to drill a well there.
Yeah I just received a payment from the United States Department of Interior, An oil company by the name of Kodiak Oil Company just leased my land I own on the Fort Berthold Reservation...If they strike oil on my land I will be receiving Royalty payments for every barrel of oil extracted from my land. The check was just shy of $11,000. Now I don't think anyone is playing around if they leased my land (36 Acres) for $11,000 Dollars.
You want to know the real reason for global warming? I will tell you, it is H.A.A.R.P.. It is a 1 billion watt microwave that they beam into the Ionosphere. Look it up research it for yourself.
So, it's kinda complicated for now. The guy who put up this video is either a stock broker trying to sell u some stocks in these "three little oil company". Or, a realtor, trying to sell u some land in Montana. You can read more, but take it slow, that's my 5 cents. :)
2. The Bakken oil is called "crude oil", the oil trapped in some hard rock/granite (that's why it'll be expensive to extract the oil). anyway, the best process, for now, to extract the oil is by heating up/burn the millions of pounds of rocks. This process will release the carbon elements in the rocks, release to atmosphere as CO2, a green house gas!! It'll speed up the Global Warming.
All oil is crude oil before it's refined. it may not be "Light, Sweet Crude" which contains high fractions of elements that make up gasoline, diesel, jet fuel but at least it is energy. global warming is a scam to make Al Gore even richer, & to increase the U.N.'s goal of one world government. the globe has been cooling for the last ten years. temps are driven by solar activity. CO2 levels are dependent on temperature, not the cause of it. you should take a basic science class.
yeah, i red about this couple months ago. True, the oil reserve is very big, it might rival saudi arabia's oil reserve. But there's few problems.
1. oil in S.A. is called "sweet oil", they're easily extracted. with energy production ratio of 1:6, meaning, for every $1.00 the oil company put in to produce these oil, they will get $6.00 back. Gud deal, rite? The Bakken oil's ratio is 5:6. Not so profitable.
Strange that this was never mentioned while I was in graduate school as a geology student. If it's true, wonderful, but I doubt it. Best to prepare for the worst and hope for the best.
There are even larger oil reserves in Alaska but do you really think the oil elites will themarket be flooded with cheap oil. Not a chance in hell thanks to the petodollar.
There are no significant oil reserves left, although a chance that a new large reserve exists, North America has been very heavily searched for oil. The only large reserves left are in the Middle East and Russia.
This is a great historical perspective on North Dakota Oil Fields and the Bakken Boom, thanks
BakkenJobsGuide 2 weeks ago in playlist The Bakken Shale Development
The amount of dollars needed to be invested in Bakken is a lot more than in the easy oil in the Middleast, so the price of fuels won't go down too much as a result of extraction.
sangolt88 1 month ago
ND is poised to be the number two oil producer in a few months, and we now have our sights on Texas and the number 1 position. It's only a question of time, probably 5 years max before the Bakken is producing over 1 million barrels A DAY. There is so much potential, and technology keeps improving. Frack Baby, Frack. 504 billion barrels and give us time, it's coming to the surface.
GermanShepherd1983 1 month ago
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@gorgepucas, you seem to understand "net energy" (EROEI) when it comes to ethanol, but you're ignoring the very same problem when it comes to shale oil.
If 100 potential barrels of shale-oil require the energy of 99 barrels (of diesel power, etc.) to extract, you're left with only ONE usable barrel of the original 100. Newer technology can't work miracles on shale.
That's why shale was always included in the 1970 U.S. oil peak as a very marginal source of oil, tapped only out of desperation.
4aSteadyStateEconomy 2 months ago in playlist The Bakken Shale Development
Run the math on the EROEI (energy returned on energy invested) for shale and you'll see that this "boom" is only a boomlet that will never achieve a flow rate to match America's 20+ million BPD habit. It's dishonest to cite reserve figures without deducting the amount of energy needed to extract them.
Even a greedy oil-man like T. Boone Pickens understands the gravity of the 1970 U.S. oil production peak. Alaskan oil was always part of that peak, and that oil has much higher EROEI than shale.
4aSteadyStateEconomy 2 months ago in playlist The Bakken Shale Development
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4aSteadyStateEconomy 2 months ago in playlist The Bakken Shale Development
There's 504 BILLION barrels in the Bakken. Technology is rapidly improving and virtually all of this oil will someday be recoverable. The Bakken is bigger than anything in the middle east. Let this field produce to it's fullest potential. You will be amazed at what comes out of it in the next 50 years.
GermanShepherd1983 2 months ago
@GermanShepherd1983, you're citing highly optimistic figures and ignoring the critical flow-rate (net-energy) factor.
Pretend there's a huge reservoir of water but you can only drain it with a few hoses. Or, you win the lottery but can only spend paltry percentage each day. Shale extraction is better now, but no miracle.
When you drop the hype and study the math, Bakken will barely make a dent in daily U.S. needs. Also, the trashed land and wasted/polluted water are not trivial factors.
4aSteadyStateEconomy 2 months ago in playlist The Bakken Shale Development
@4aSteadyStateEconomy You are citing old figures. It's well known that there are 504 billion barrels and several oil execs are publicly saying that most of it will be recovered as technology advances. It may take 30 or 40 years to get at all this oil, but it will be extracted. ND is capable of fueling America.
ScrumptiousYak911 2 months ago
@ScrumptiousYak911, show me a single official source that says "504 billion barrels" are actually RECOVERABLE. Do you grasp that concept? When I narrow a search to that phrase it only brings up 6 web pages with the same line you keep repeating, like the Bible validating itself.
Who has this deep insight that the USGS and EIA lacks? Post some names, other than random Internet hacks. All you're really doing is ignoring the whole concept of net-energy, which makes you not very bright.
4aSteadyStateEconomy 2 months ago
@ScrumptiousYak911, A 2006 EIA report on the Bakken mentions "503 billion" barrels, which was likely misunderstood (on purpose) by Peak Oil deniers as being gross vs. net potential. I suspect someone made it into "504 billion" because it reads better than an odd 3.
See this overview: "Why the Bakken Won’t Save Our Bacon, By Steve Andrews and Randy Udall"
Also find a Snopes article on the Bakken Shale. Much of the Bakken hype seems to have come from investment newsletters, not geologists.
4aSteadyStateEconomy 2 months ago
@GermanShepherd1983, you claim "504 BILLION" barrels but Google this quote to see the truth:
"3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation" (source: USGS)
4.3 billion barrels is LESS THAN ONE YEAR of U.S. oil consumption. Yes, it's more than we could have gotten with older technology, but it's still less than 1% of your hype!
People keep ignoring shale's lousy net-energy, which is reckless optimism, considering the stakes.
4aSteadyStateEconomy 2 months ago in playlist The Bakken Shale Development
@4aSteadyStateEconomy ND is producing over 510,000 Barrels a day and we just keep ratcheting that figure up. The Bakken looks better every day. Can't wait until we pass up Texas and are number 1.
GermanShepherd1983 1 month ago
so much 4 MAINSTREAM media blowin da WHOLE thing in da OPEN :(
nutter136 3 months ago
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before you all start flocking here, either have a Class A CDL with HazMat endorsement or atleast a year previous oil field experience or you wont get hired. just letting you all know. i work as a floorhand here in williston, and i see people filling out applications all day most of them with no experience, and i know for a fact they wont get hired, and the HR department is so sick of getting so many apps from people who have no experience in the oilfield.9 out of 10 applicants dont get call bac
reotardodickcraprio 3 months ago
stop destroying our planet earth. oil and gas belong in the earth for a reason, dummies. you are imbalancing the planet. start using intelligence and use clean energy.
worldpeace2u 3 months ago
keep on drilling! it'll never run out!!
sugarcanegray 4 months ago
@sugarcanegray The irony is that it probably won't. If it reaches the point where the benefits of extracting the oil become so miniscule (input energy approximately equals output energy) those with financial sense will probably say "fuck it" and leave the oil down there.
Standuble 4 months ago
@Standuble by the time it gets to that point, and I'm sure you're right about that, the far majority of people on the planet will have long been priced out of the oil consumption equation, meaning they can't travel, they can't afford food etc.... it's a bleak future for those who aren't rich.
sugarcanegray 4 months ago
THEN WHY IM PAYING $1.25 a litre...
chadberry75 5 months ago
Oh forgot this it took us 20 + years to get the Alberta oil sands up to speed , shale cant even imagine how long it could take and if in end would it even be worth the effort.
Harbringe 5 months ago
This is absolute crap , In Canada we have the tar sands and it takes 1 barrel of oil energy equivalent to get two barrels and thats from sand which is a whole lot easier and richer than shale to get oil from.This is people trying to con other people out of their money going after a pipe dream.
Harbringe 5 months ago
Horseshit! Even the wildest estimates of the Bakken oil reserves is under 25bn barrels, or about 6 years output for the Saudi oilfields. Of that, only 4 or 5 billion barrels can be easily recovered. Dream on America...until that hummer runs out of gas
DaMuttzNutz 5 months ago
David Rockefucker and cronies are not about to let this happen. War in the Middle East and all the suffering it brings......that's what they want.
clint525fuller 5 months ago
They're always lying about how much oil is out there. I remember 30 years ago National Geographic had an article pretty much saying we would be out of oil in by around 2000. The Alaskan Pipeline was only suppose last for 20 years.....the wellhead pressure of 1500 psi has never gone down! There is just has oil now in that field as there was then. We could easily build 3 or 4 more pipelines. THEY'RE LYING TO YOU .....................AGAIN!!!
clint525fuller 5 months ago
MN has used this "oil sand" since the 70s and gas was cheaper here than on the coast's. cost is not the issue -they make billions charging 20 dollars a barrel--and that's all the refineries are paying Canada right now but oil was changed to a commodity so the refinery can charge what speculators think its worth--- not what demand is..and as for people who say that's only like five years of oil-does this mean that their estimate of 2 Xs the Saudi reserves mean Saudi will be dry in 2.5 years?
gorgepucas 6 months ago
If you want to learn more about the bakken or energy production in general in North America please google "thebakkenformation" Although the community is currently small we have a number of very knowledgeable individuals.
benjaminlately 6 months ago 2
we import 4 billion barrels a year do the math even at 20 billion barrels proven thats 5 years of oil
tompnoid1 7 months ago
"And, these massive reserves can be extracted dirt cheap... Costing Americans only $16 a barrel".
This statement requires at least to conditions to be met: 1) No increase in demand, and 2) Oil companies sell only to Americans.
Since we have been doubling our demand for oil every 20 yrs, and private business wants to make money, this claim is simply false.
Furthermore, the mentioned "discoveries" of oil are only hopeful estimates, according to USGS.
TheSlowThinker 7 months ago
Right now Bakken produces over 450,000 barrels a day and gas prices still hover around $3.75 a gallon. I love these people that act like there is this infinite supply of oil. There actually could be close to an infinite supply about 6 miles deep, but human technology will never be able to reach. No material on Earth can stand up to the pressures that far down. Sorry- oil IS running out.
quiksix25 7 months ago
Using oil after all this time as the worlds primary energy source, is living in the dark ages! There has been zero dollars relatively speaking put into the creation and implementation of alternative energy sources to supply the worlds energy needs. 99+% of innovation/investment dollars are put into the control, improvement, and profiteering of what is a dirty old world technology. Profit is what drives the direction of the world petroleum industry!
whwoowee 8 months ago
@whwoowee
No, its ease of technology production. The easiest is done first, and is used as long as possible. That's why steam engines are still used extensively today. (Don't believe me? its where most of the world electricity comes from!)
52111centrumcz 7 months ago
Oh its there, and just like the video says. Its what one would call Light sweet crude. You can almost put this in your car from the ground. Very little filtration needed (way better than Tar). If we tap it, we break our deal with the Saudi's. When the Saudi's get taken over by the muslim brotherhood/and/or/if/ the dollar takes a deep decline, the Bakkens true potential will be tapped. Wanna become filthy rich? Get involved with an Oil company now. I have a list of them small and large.
WDTripps 9 months ago
The second coming of the industrial revolution. America needs to liberate its energy capacity. America needs to liberate the American might. Push aside the liberals, and the social communist. Step on the toes of the environ wacko fanatics. Lets take back our lands and be liberated once again.
LibTyrMatrix2011 9 months ago
Once scientists determine how to tap into Chuck Norris, our energy problems are over.
DorthNakotan 9 months ago
Its a total scam. The USG estimates there may be 3.5 billion barrels in an area the size of Montana. Enough to feed us for six months. Compare that to the find off Brazil (33 Billion Barrels). Want cheep oil ? Stop using so much.
thomasstwo 10 months ago
Who cares if it supplies the US with only 3 years of oil. The money is tremendous and something this country is in dire need of. And all the global extremists can take a long walk off a short pier. North Dakota has been a great supplier of energy and revenue of this country and has done quite well with clean coal and making suppliers reseed the land after they have used it.
nbk247 10 months ago
Wow! Massive! Enough oil there to supply the US for a whole 3 years. Wise up people.
Huttate1 10 months ago
I wonder what does the name bakken means ?
kennjohnsen 10 months ago
Wasn't Obama's response to high gas prices pretty much go buy more fuel efficient cars? Somehow I see the feds stepping all over this.
Chiackenmaster 11 months ago
so where did all the oil disappear ?
MrChandmari 11 months ago
Too bad you will still be charged full price.
MnJiman 11 months ago
I worked in the bakken. Such good money. I need to go back. North dakota is a good place to be.
jimbobanalbeats 11 months ago
@grejalbert That's right, we can stuff the entire worlds billions of people into sunny Hawaii. And overcrowding, sanitation, no water, disease and no place to grow food with every single person crammed into those few warm places--that's biologically brilliant.
roundedges2 11 months ago
Why cant there be oil in my garden :(
godgrant123 11 months ago
this video is spam!
commieplot 1 year ago
Primates should not try to live in snowy, cold areas. It does not make biological sense. Oil and money addicts are corrupt and diseased. CarFree . com -- FreePublicTransit . org -- BicycleCity . com -- PostCarbon . org -- Puppets of the oil/automobile/asphalt/military/congressional cartels, free yourselves. Oil addiction is suicide, like alcoholism. Oil addicts are like winos: deny, deny, deny. Corporate media is a brainwashing scam. Polluters are crooks. Prosecute and imprison.
gregjalbert 1 year ago
MVW-TSX is the company to be in..smack dab in the middle with 11,000 ACRES
thecomingdepression 1 year ago
I have had it so much that I have decided to go beyond OIL and fed up with this trash and Lying thieving scum in charge of Petroleum and our gas...I did big research into Fuel that is great to use in The summer....but not too good in winter due to cold temperatures but no question anybody can make it and stick it to Middle East and run cars cleaner and of course so much cheaper. E-85 it's time now!
deltaalpha21074 1 year ago
Oh please tell me the name of the song in the beginning, I have been looking for it, and coincidentally discovered it here.
njdevil281 1 year ago
Dear create and deliberate,
thx for trying to sell us some snake oil. Like the MSM would ever blow the lid off anything, like they're capable of acting independently.
You actually believe the captains of industry would ever allow $16 a barrel oil again?
That's just dumb.
Oh yeah. Your just selling something.
fxtrader92 1 year ago
I guess that mean more money for the banksters and higher gas prices for us.
thementalpatient2005 1 year ago
Yes do your homework, bakken is sweet oil, that is why our oil in our well is going for sweet oil market value!!!!!
Whiteysdk 1 year ago
while the stand of carbon might be worth over a trillion, it will take 2trillion to extract it. Great... you first!
bdhcarbon 1 year ago
sounds like another south sea bubble
rasheroo 1 year ago
drunk history
MrDeal84 1 year ago
Not sure what the $-per-bbl figure used for that "$1 trillion" given here is supposed to be. If it's $100/bbl then it's no better than conventional crude and that's only 10 billion bbl, about 2% -- 'bout what the USGS says is recoverable. At this laughable $16/bbl that's $160 billion of oil.
mike4ty4 1 year ago
Bakken is not cheap or easy oil. It's "shale oil", which is difficult (= expensive) to extract and has a low energy return on investment, i.e. it is a "worse" energy source than cheap, light, sweet crude (CLSC). The days of CLSC -- or "cheap oil" for short -- are over. According to USGS, only a small percentage of the reserves are actually recoverable with current technologies. This hints at the difficulty of extraction -- this is NOT cheap oil. I have NO clue where he gets $16/bbl from.Do you?
mike4ty4 1 year ago
@mike4ty4 Do more homework. The bakken is light crude there is no extra processing that goes into it other than horizontal drilling and fracking. Also, fracking is safe in general and very safe in North Dakota because of the depth and lithology of overlying units near the Bakken. $16/bbl is way off it is more like $50 to $70 depending on the well. 16$ might be a min to pay off the well over time at best.
FYI -operators put producible estimates at 10-20 billion bbls now.
benjaminlately 1 year ago
I heard they are fucking shit up in north dakota running people outta homes andshit.
coleon8 1 year ago
wow that's so good! I mean I live in Australia. But theres no doubt we'll probably import some of this oil. SO yay! This will hopefully give us more time to develop Solar energy, and other forms of energy.
mickeymoo26 1 year ago
Just forget it the Government doesn't like competition unless of course how much are you going to pay? you take 16.00 the Gov takes 60.00 Fair?
Wake up America the oil companies owned America and it's traders for years
EdisunSolar 1 year ago
@EdisunSolar So are they saying we NEED oil? Thats funny because GEET was invented 20 years ago. If anyone had a brain they would youtube "geet mower in tall grass" or "geet generator runs on coffee". Then google "free geet plans" IT runs on 80%water and 20%used oil. We dont need oil.
analyzingfunny 1 year ago
on top of that, PRICE is not about supply. Wm Engdahl est at $140 that 60% of price is energy futures speculation by traders, NOT caused by OPEC (tho they prolly participated in futures spec). "Paper Oil" drives up price by fake demand, not a sudden shortage or demand during Bush admin, but dereg of financial markets. Bush offered Saudis weapons and nuke tech! but they said they would not pump more. Why? The MARKET was not asking for more oil, no glut would counter NYNEX and London ICE.
dilbertgeg 1 year ago
just google Bakken. The Oil Drum is a site which explains the unfeasability of Bakken in technical terms such as porosity of rock and capillary size of flows, compared to easy oil. So it's waaay energy intensive to get AND it's way harder to refine. Antonia Juhasz video on Tyranny of Oil explains Shale Oil extraction in graphic terms, the 14 story dump trucks needed to cart away the earth, the lakes of waste water needed (for tar sands) and for what? Propaganda
dilbertgeg 1 year ago
@dilbertgeg Must be mistaken , the Bakken is some of the nicest Oil you will see , seperates in seconds , and needs very little refining. But what do i know , i have only been working in the Bakken fields for 5 years.
knoxjay 1 year ago
I got fed up and converted my home to a net-zero solar powered home that uses no oil or gas...I made a video about what I did called, "Preparing for peak oil"....
MrEnergyCzar 1 year ago
Conserve oil and stop bitching about enviornmentalist tree huggers. I just hitch hike on I94 thru Bakken. All the roughnecks buy a gas guzzling oversized truck as soon as they get a pay check.
If you have a problem w/ tree huggers or foreign oil, just look to yourself. YOU are the problem.
somerealnews 2 years ago
PLEASE just keep Texans out of the Bakken Oil Fields. They are rude, careless, dangerous, obnoxious, can't talk, and not liked!
TTURedRaidr 2 years ago
I'd rather be run by China, where China puts crooks in politics in jail, not give them a pension like in NJ. At least they know when they need oil they don't have to answer to the Sierra Club like the US does. Watch CCTV 265 on Dish Network and tell me things aren't clicking in Bejing!
DoninWhiting 2 years ago
Well I know for a fact a huge pipeline project is being built in the area now to carry oil.. Its not being talked about. because the oil companys havent figured out a way to steel it from the American people..Civil war? break up of the union? To be sure they will find a way to rob America, Just like wallstreet did us...Thats our oil.PERIOD
DUGTRUX 2 years ago
by the time u finish watching this america will be a futher 5 million in debt to foreign oil
anolophant 2 years ago
china will take out your spy sattelites before u can say........ "oh my god"
anolophant 2 years ago
China sucks and will collapse in less than 3 years from now.
TTURedRaidr 2 years ago
china vs united states.............you can kiss your yankee butts goodbye
anolophant 2 years ago
iran wont hesitate to use nuclear weapons and china wont stand by and allow you to control the last remaining oil
anolophant 2 years ago
your only hope is to take over iran and its oil............only problem is you bastards will trigger world war 3
anolophant 2 years ago
keep dreaming yanks your little oil boom aint gonna save your broken economy.
anolophant 2 years ago
DRILL DRILL DRILL FTW (for the win)!!!
xxxBradTxxx 2 years ago
KEEP DREAMING
bsm1177 2 years ago
DRILL BABY DRILL
JackBlair2 2 years ago
With new horizontal drill technology, companies are now able to extract 10 times as much oil in the Bakkens as compared to when they initally started drilling it. At the moment large cap plays have started to buy out small caps in the area and staking large claims as well. If your a believer and an investor in oil, take a look at some of these plays. US: EERG, WSEG, CPWC CDN: RYD, ATK, REL.
Crescent Point Energy(CPG) alone has acquired seven small cap plays this year.
smeltersam 2 years ago
The Monetary system, one of the biggest frauds in history. Root to all problems, best controlling mechanism of all times.
Watchdawg 2 years ago
regarding this oil shale find, GoldNev Resources has also found a huge oil shale find in Saskatchewan, more than two billion barrels
MrYJ99 2 years ago
Earth heats and cools in cycles for millions of years... My degree is in Environmental Science. It is NOT a result of mankinds activities .
williamwagener 2 years ago 10
My god I have been waiting for someone other than me to say that.
hidethisnine 2 years ago
Yes Its amazing How This Summer In The Midwest Is The Coolest In A Decade!
brassdoggs 2 years ago
Respect the earth you use, lower your emissions, and don't listen to the global warming bullshit.
vdub350 2 years ago
If global warming is bullshit then why lower your emissions?
0rangePete 2 years ago
I consider "global warming bullshit" be all the scare tactics and new taxes our government wants to put on us, that doesn't mean we should pump as much greenhouse gasses as we want. We have one planet with a growing population. You want your future generations living in planet fucked up by us.
vdub350 2 years ago
I don't think you understood what I'm saying. If putting CO2 into the atmosphere doesn't produce global warming then why stop?
0rangePete 2 years ago
I'm fairly positive all this CO2 being pumped has some effect on our atmosphere, I just don't like to be scared into paying higher taxes by the government.
Scientists themselves said this would probably turn into a political nightmare.
vdub350 2 years ago
Well I agree with you on that point. Increasing taxes is a stupid way to try and fix any problem.
0rangePete 2 years ago
@0rangePete Europeans, the Japanese and the Australians tax gasoline to astronomic levels. What has this achieved? They all drive 4 cylinder beer cans that get 50 to 60 a gallon. This and other efforts has made the per capita oil consumption of a Western European half that of an American. There is a reason Europeans don't drive 12 mpg SUVs...The government taxes them out of existence, not subsidizes them. Taxes are absolutely the way to discourage socially and self destructive behavior.
drmodestoesq 1 year ago
@vdub350 "I'm fairly positive all this CO2 being pumped has some effect on our atmosphere"
There is less CO2 detected off the East Coast of the US than the West Coast. The wind blows from west to east. Since there is no cause, there doesn't need to be an effect.
hitssquad 1 year ago
@hitssquad The way things works in the scientific community is someone has a theory, others critique and others accept the theory. Than new information comes along disproving this theory. This is what's been going on with global warming.
The general public: They here something they don't like and naively call the scientists stupid. Then more scientific information comes along disproving the scientists theory, and the public again, naively reassures its original belief the scientists are stupid.
vdub350 1 year ago
Im a GIS guy but have done extensive research on this. So true, the earth has cyclic wobbles and elliptic eccentricities (Milankovitch cycles). 100,41,21 thousand year cycles, geologic and ice core analysis proves this. Most of the time earth is in glaciation since the pleistocene period. We are currently at the end of a "brief" warming period. The magnetic pole shift and rising waters is one small effect of these cycles.
neoeyes4u 2 years ago
Yup, you are short. I study too. What about fast growing rates of CO2? If it is now 382 ppms... and if it grows over 550 ppms? It is rather childish to think that all consumer culture front of our open eyes doesn't have any effect. Our population it too big to have that "one way". And anyway, we should sweep that "blame" away. Like we would have that emotional luxury for question.
finlanzer8sa 2 years ago
@williamwagener haha this exactly. Ice age, hot age, ice age, hot age. Ice cores from antarctica have show this. They have shown high and lower CO2/O2/methane/whatever gas levels over time than now. And it follows a rough pattern.
Global warming? I'm pretty sure the earth is getting cold. Record snow falls in the USA last winter, record colds in Australia now(like 5 year records).
But you have to give them credit for finding something to scare people away from oil with and still make money.
wolfy9005 1 year ago
@williamwagener
Are you not a bit lonely - unpopular in these environmental circles.
johnsenkenn 1 year ago 3
@johnsenkenn YES, or course, It is dangerous to be Correct , when the government is wrong. The Founding fathers were lonely, always a minority, only 1/3 were willing to fight or contribute to defeating the King George. 1/3 sat on the fence,
1/3 stayed loyal to British. Just because you are a minority does NOT mean U R Wrong. Galileo was totally alone in standing up to the Wrong headed Catholic Church, and stating that Earth was NOT the center of Solar system. Alone, but correct.
williamwagener 1 year ago
@johnsenkenn No, because true scientists just look at the Data, and don't try to make a stretch to conform with a political agenda.... unless then need a spponsor or a Federal Grant. I have not asked for either, ever.
williamwagener 10 months ago
@williamwagener cant know for sure because in all your studies you never had a period of time with human pollution like it is now to compare too. i know the sun is the biggest factor and you could argue g.w. all day but you cant deny global pollution on never seen scales.
toob247 1 year ago
@toob247 The WORST POLLUTION, is the CHEM TRAILS spraying all over the world, and Oct. 21, 2010 in Nagoya, Japan a United NAtions Conf. of almost 200 nations called for and END to "Weather modifications" by CHEM TRAIL spraying.
See REUTERS report. Governments are intentionally doing this for devious reasons, and without consent to the World Population. Politicians won 't generally even discuss it.
williamwagener 1 year ago
@williamwagener I have seen and photo'd some very convincing chemtrails. We are definitely polluting like never before and I hope the chemtrails are only to reflect sun light and not to poison or crop dust us humans, but it is clear whether or not people in general believe in over population the elite do so it wouldnt surprise me.
toob247 1 year ago
@williamwagener Could you agree that we are speeding it up, however?
DeanoProductionsTM 10 months ago
@DeanoProductionsTM No, because the other planets are also seeing temp. change, and we have had NO IMPACT on the Other planets. There is something else going on, we are only beginning to grasp the questions to ask ourselves, much less the answers.
williamwagener 10 months ago
@williamwagener I agree that change in climates etc is a natural process. I merely asked if we are helping it along. Even if Global Warming is being made a mountain out of a mole hill, there are local environmental issues with a lot of the activities that are made "okay" things to do by monetary economics. For example, it is economic to not clear up after a huge spill in remote area if it won't affect PR or profits. Local people and local ecosystems do not matter. No meaningful en. consideration
DeanoProductionsTM 10 months ago
@DeanoProductionsTM
You are mixing it up, global warming and disliking our industrial time, and mixing it up with ideology such as scrap the cars plow up the freeways, central planned housing, central planning collective transport, and such. Global warming is a hoax, made for populations control.
kennjohnsen 10 months ago
@kennjohnsen Probably because I was loosing the argument.. not very honorable of me, soz. What do you guys make of the so called evidence for us speeding up the process (going by previous time scales of global temp. increases), and the possibility of this faster increase in >rate< being linked, if not caused, by the amount of stored energy being burned (creating lots of CO2) which is suddenly being released into the atmosphere over this recent age of industrialism? Fabricated evidence?Bad logic?
DeanoProductionsTM 10 months ago
@DeanoProductionsTM
I don't know about evidence about speeding up any global warming, how can you get such evidence. What I can se Pier Corbyn is good at forecasting the weather, And he does not have anything to with global warming. Global warming is a white-collar hoax...scam.
kennjohnsen 10 months ago
@kennjohnsen I hope you aren't basing your whole opinion on the matter just by this Pier Corbyn guy being good at weather forecasting and since he is good at that, thus must be right with global warming. I'd like some evidence (solid) from you, and/or other people, that it is a white-collar hoax, before I believe it.
DeanoProductionsTM 10 months ago
@DeanoProductionsTM
The technec he use to forecast the weather proves that CO2 caused global warming is wrong. The ice core is a good evidence. And he forecast clobal cooling.
kennjohnsen 10 months ago
@DeanoProductionsTM go watch the documentary on YOUTUBE called " The Great Global Warming Swindle "
angie7dino 1 month ago
@DeanoProductionsTM Even Local [ say under 10 sq miles ] effect little beyond, for example, the sulfur hot water releases at Yosemite, smell bad, but beyond a few miles from it, it has litte or no effect. Los Angeles City, has a average temperature about 2-6 degrees above what it would be if not for people, lights power use. It also creates smog, which can be tracked all the way to Las Vegas. Global nada.
williamwagener 10 months ago
I guarantee that you, as a person, have caused more damage to the environment than you think. If you walk on man made concrete, and live in man made shelter, you're the problem. Now...What are you going to do to make this a better world to live in. We do not have the answers yet, so it's not going to help our economy or our way of life to shut Energy companies out of our natural resources. We need jobs, and they pay better than 98% of the rest of the greedy companies out there.
Intrepidoutdoors 2 years ago
The question you should be asking is: Who can afford to put it back the way it was. Not Towns, or Cities, they never go away. Not Construction Companies, and definitely Not all of these environmental groups. Only Energy Companies have the ability, and necessary funds to this, and with proper governed guidelines, it will be put back the way it was, or in most cases better than it was. Look around you before pointing fingers.
Intrepidoutdoors 2 years ago
While these numbers would appear to indicate a massive reserve, the percentage of this oil which might be extracted using current technology is another matter. Estimates of the Bakken's technically recoverable oil have ranged from as low as 1% — because the Bakken shale has generally low porosity and low permeability, making the oil difficult to extract
drmodestoesq 2 years ago
Greenland's Ice Sheet is about to be in the ocean. Then the climate is going to be 1000 times worse than it is right now.
danielvincentkelley 2 years ago
The oil reserves in that field have been grossly underreported.
RodneyHampton 2 years ago
fuck oil.. it should have been retired a long time ago
finefilth 2 years ago
We know the problems we need to focus on the problems and find a solution,all avenues must be tried! Have faith in America buy American!
ROGERDALE1963 2 years ago
$16 a barrel is expensive, it costs $4 a barrel from the North Sea and only $1 a barrel from the Arabian desert!
After exploration and development costs, governemnt taxes etc crude needs to be well over $100 a barrel to justify extraction so the idea of 'cheap plentiful oil' is just a pipe dream!
SOLDIERF1 2 years ago
Yeah, its like some scam investment video.
even if it contains the highly doubtful ammount of 500bbl thats only 15 years of world wide consumption at CURRENT rates.(less than 10yrs once you factor growth no doubt)
Worse than that no 1 oild field in the world I have heard of has ever pumped at more that 2.5 million barrels a day peak. I could barely see this region making half of the 20m barrels and growing demand for oil in the US alone....
CmdrTobs 2 years ago
when we extract oil from the ground and
burning it for fuel, it releases carbon back into the atmosphere which was before perserved in the time of dinosaurs.
predictions say that as the antarctica ice melts due to global warming which acts as a circulation for our planet earth. The air we breathe will be 8 times as bad and filled with toxic gases.
A way to save the planet is to grow more
vegetation where carbon will be stored in the microscopic pores into the ground and will be used as oil.
SonicXStyle 2 years ago
Global warming? the tempurature has been DECREASING for the last ten years. Global warming was a political scam to empower the U.N. nothing else Al Gore sells "carbon Credits" that aren't worth the paper they are printed on. A snake oil salesman writ large.
kdraper2007 2 years ago
as stated global warming is taking effect as the antarctica ice warms weatherly. As it melts there will be no more circulation for the earth we live in today and all will be left is hot air current breezeing though.
Therefore the earth we know today will be hot then it has ever been just as more is released.
SonicXStyle 2 years ago
The temperture is both decreaseing and incraseing because weather cannot take
stable control. whether is either reflect the coldest and the hottest days increaseingly.
places such as australia. europe and many other places.
We can already see the effects of global warming which acts as a blanket for our earth keeping inside the heat. To see the temperture decreasing you will soon see the effects as glaciers, ice mountains begin to melt.
SonicXStyle 2 years ago
it will result in rise in flood levels as we are seeing already today and a boost in air temperture
SonicXStyle 2 years ago
Have you ever noticed that people in general are the sole cause of flooding. all of our creeks, and rivers are being held in their banks with levees and concrete flood walls.
Intrepidoutdoors 2 years ago
oh really so higher water levels has nothing to do with flooding.
im sure its not cause the water is kept detained. how about the islands with low atolls?
SonicXStyle 2 years ago
you are the majority, if you really think about what humans do with all of the rain water we receive now, you'd understand. Everything in a city is directed straight to our rivers, with no chance of actually seeping into the ground. The same with most farmers, they tile all of their fields so that all of the rain water is directed towards the nearest creek or river. How about all of the new wider roads with storm sewers that again is directed straight to our rivers and streams. Open your eyes!
Intrepidoutdoors 2 years ago
i can concur
its true that our waters lead into water storage inside a city but what does not make sense is why are borders of some low atoll countries being swept by high level of water and melting of ice mountains and glaciers.
assuming we were the condescending problem of the flooding it doesn't explain the high increase in temperature and higher level waters.
it is obvious global warming is taking its toll
as stats say average temperatures have increased at a sharp 0.6 since the last decade
SonicXStyle 2 years ago
Could it be that the oceans are also higher because all of our run off is going directly into it? We do not let our rain seep into the soil like it did just 50 short years ago. So instead, it is running as fast as we can make it run into the oceans. I like to look at the obvious and after this year your high temp data will go down, because most of the North American continent has experienced a very cool summer. I just refuse to jump on any band wagon.
Intrepidoutdoors 2 years ago
baaaaakkkkkkkeeeeeeennnnnn!!!!!!
betbakes 2 years ago
Oooo, dramatic video, complete with Godspeed You Black Emperor music! Unfortunately, the truth is that Bakkan is shale, and not even remotely economically viable. Peak oil is real, and those who are heralding it have no motive besides acknowledgement. We know you don't wanna accept it, as it's painful. But geology isn't lying to you. Neither are the failing world markets.
jeffc1320 2 years ago
China is on the way up, the usa going down. To say Obama is our saviour makes you an utter fool. He is your false god, and you will not survive. Oil is our life blood, and he is replacing oil with cap and trade taxes. what a fool you are. Bush would never do this to us, as bad a president . He believed in drilling, and so does EXXON knows how. And drilling is not polluting. Your rhetoric is. If you don't believe the USA is in serious trouble, your words show it is on the way down.
donfromwhiting 3 years ago
We are not running out of oil. Oil is always producing beneath the sea. Its just that you communist pig Democrats want to see us shut down and not have any energy source, including nuclear.
You facists pigs are tearing up America as we once knew it. Obama is the most dangerous president the USA ever feared. We're done, America.
DoninWhiting 3 years ago
take a look at china, their people are choking beacasu of air pollution, do you want the US be the same, Obama is our saviour from the bush era
login001login001 3 years ago
Well, which is it, reactionary Fox News disciple? Communist or fascist? You realize the two ideologies are diametrically opposed, yes? Read a book, RW parrot. No one is buying your pap. Unbridled, unregulated capitalism is what has led us to this sad pass. But you keep right on blaming one party, and giving a free pass to the other... Well done.
jeffc1320 2 years ago
The Bakken rumor is bullshit:
snopes. com/politics/gasoline/bakken.asp
And don't use Godspeed You Black Emperor's music for a video that promotes fucking oil drilling. They are anarchists whose music partially depicts the failure of such an oil-drunk, failing civilization.
IngeniousEpithet 3 years ago
If this was slightly true why does USGS put estimates at 4.3 billion barrels and cost of production at close to 80 dollars a barrell. This video is absurd. If this was also true, you wouldn't be telling everyone where to invest, you'd be hording positions for yourself. Hmm gas at $35 a barrel and it cost $80 to pull it from Bakken. On top of all that its under 3,000 meters of rock that is very difficult to drill. Do some research before you jump on this.
banemaler 3 years ago
yes totally agree, I am in the business and it is very expensive to drill up there. The USGS est are around 4 billion but they usually are a bit on down side of things. Estimates in North Slope turned out to be alot more then what USGS est. The oil is there, have to horz drill to get it, about a million plus to drill a well there.
bwnco 3 years ago
The truth!!
GO SEE: OIL!-Why your going broke at the pump!
ARMOROID5000 3 years ago
Let's give the Saudis some payback!!!
telecom79 3 years ago
its about 200 miles northwest of bismarck
bismarck4 3 years ago
$16 a barrel? So, we've known about this resource all these years yet wage war in distant lands over the resource that 'remains' cheap.
Villela3 3 years ago 2
I like electric cars... (the mexican)
jareim28 3 years ago
Yeah I just received a payment from the United States Department of Interior, An oil company by the name of Kodiak Oil Company just leased my land I own on the Fort Berthold Reservation...If they strike oil on my land I will be receiving Royalty payments for every barrel of oil extracted from my land. The check was just shy of $11,000. Now I don't think anyone is playing around if they leased my land (36 Acres) for $11,000 Dollars.
wareaglemartin 3 years ago 2
Dude you got robed if you waited 3 or 4 years you would of got at least $50'000.
kingsman565 3 years ago
How do you know? Something tells me you don't know much about this subject...besides how much did you get? How many acres do you own?
wareaglemartin 3 years ago
Not telling : )
kingsman565 3 years ago
Dont be a hater all ur life u dumb spic
atlpopdrop 3 years ago
You want to know the real reason for global warming? I will tell you, it is H.A.A.R.P.. It is a 1 billion watt microwave that they beam into the Ionosphere. Look it up research it for yourself.
Redmeddle 3 years ago
Let`s be honest, the biggest drilling is found in our wallets right now ! They got us by the coglioni, capish? bear it with a smile.
aoknponte 3 years ago 4
So, it's kinda complicated for now. The guy who put up this video is either a stock broker trying to sell u some stocks in these "three little oil company". Or, a realtor, trying to sell u some land in Montana. You can read more, but take it slow, that's my 5 cents. :)
nams0001 3 years ago
2. The Bakken oil is called "crude oil", the oil trapped in some hard rock/granite (that's why it'll be expensive to extract the oil). anyway, the best process, for now, to extract the oil is by heating up/burn the millions of pounds of rocks. This process will release the carbon elements in the rocks, release to atmosphere as CO2, a green house gas!! It'll speed up the Global Warming.
nams0001 3 years ago
All oil is crude oil before it's refined. it may not be "Light, Sweet Crude" which contains high fractions of elements that make up gasoline, diesel, jet fuel but at least it is energy. global warming is a scam to make Al Gore even richer, & to increase the U.N.'s goal of one world government. the globe has been cooling for the last ten years. temps are driven by solar activity. CO2 levels are dependent on temperature, not the cause of it. you should take a basic science class.
kdraper2007 2 years ago
very good comment, kdraper, is it just you and I who know this however?
gofucoffee 2 years ago
yeah, i red about this couple months ago. True, the oil reserve is very big, it might rival saudi arabia's oil reserve. But there's few problems.
1. oil in S.A. is called "sweet oil", they're easily extracted. with energy production ratio of 1:6, meaning, for every $1.00 the oil company put in to produce these oil, they will get $6.00 back. Gud deal, rite? The Bakken oil's ratio is 5:6. Not so profitable.
nams0001 3 years ago
Strange that this was never mentioned while I was in graduate school as a geology student. If it's true, wonderful, but I doubt it. Best to prepare for the worst and hope for the best.
Good luck.
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pateus 3 years ago
There are even larger oil reserves in Alaska but do you really think the oil elites will themarket be flooded with cheap oil. Not a chance in hell thanks to the petodollar.
callmecg101 3 years ago
There are no significant oil reserves left, although a chance that a new large reserve exists, North America has been very heavily searched for oil. The only large reserves left are in the Middle East and Russia.
jackjen1 3 years ago
Just curious...are you an oil expert?
pfizzbones 3 years ago
lol you're full of it.
I live in alberta, and the oil economy here is huge and still largley untapped
bluehorse888 3 years ago