Bakken: The Biggest Oil Find in U.S. History

http://www.energyandcapital.com/bakken

Bakken: A good old fashioned oil boom, right here in the U.S.

Billions of Barrels found in the Bakken Oil Formation in North Dakota and Montana

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[BakkenJobsGuide]

This is a great historical perspective on North Dakota Oil Fields and the Bakken Boom, thanks

[angie7dino]

@DeanoProductionsTM go watch the documentary on YOUTUBE called " The Great Global Warming Swindle "

[sangolt88]

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.

[GermanShepherd1983]

@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]

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.

[4aSteadyStateEconomy]

@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]

@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]

@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.

[4aSteadyStateEconomy]

@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.