Quote:
Originally Posted by deltabound
You know the old addage "If it sounds too good to be true . . . "
or
"A Sucker is born every minute"
The Bakken oil field might have some potential, but while not as energy intensive as the Canadian oil sands, it will be nowhere near as easy to extract as Saudi light sweet crude. Something like 2% of it is probably recoverable.
Personally, I'm all for processing it if it's cost effective and not environmentally destructive (both big "if's"). It's doubtful that this project will get the political support it will need to take place though.
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The drilling in the Bakken is going on as we speak, the latest USGS Estimate is 4.3 billion barrels of recoverable oil in the formation. It is not invasive for the most part, but it is straining the water supply and local resources, housing etc.
While it remains to be seen what the true impact will be, they say oil above 50 supports the drilling within the Bakken. Google it, the boom is on. The oil companies can't drill fast enough. Some wells are pumping out 1000 barrels a day, with lots of natural gas as well.
It is very interesting how they recover the oil, using horizontal drilling and fracturing techniques.
Anything on our soil should be used to help our cause, within environmental reasoning. Even that may have to be weighed against the survival of the US economy !