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North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil.
Originally posted by Rook1545
Is this that oil shale stuff? I am getting pretty tired of hearing about that stuff. It is beyond naive to even consider that stuff usable at this point. The last I heard, that was all that they found that way, just useless, useless oil shale.
Originally posted by sirbikesalot06
I don't know why all of you guys want to believe that we have plenty of oil and more than what Saudi Arabia has when the numbers just don't show it.
spoke to me many years ago about her father and his work for British Petroleum
Socristotle, lets say your right, and we do have the oil you report. To avert this current Crisis in the Economy we will need to start producing that oil by 2012. And we will need to start producing 10 million Barrels a day by 2015 to avert this crisis.
Originally posted by Vicodin
reply to post by Aeons
i just simplify it by saying it all started when this idea of paper has value thingie was invented.