They Claim There's No Oil...Latest North Dakota Bakken Oil Field Estimates.........., page 6

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reply posted on 30-7-2011 @ 01:04 PM by mjw88

reply to post by nixie_nox

im sure its more like 20 million barrells a day

reply posted on 2-8-2011 @ 12:03 AM by korathin

reply to post by ccponzi

The Bakken oil fields are being reserved for after the fascist Coup that will take place 2014-2020. So as to create the desired effect of going from fuel shortages to an overwhelming glut of fuel in the market place. And the emotional response that will have with the general populous.

After all you only need two things for a stable long term fascist state capable of anything:1) a large over privileged, over entitled and fearful dominant female electorate, 2) and a large number of under fed, disenfranchised and desperate male populous.

We have 1, but number 2 won't fully materialize for about another 4-5 years. Don't get me wrong it is almost there but still not enough energy to be useful for the fascist's.

reply posted on 24-10-2011 @ 02:47 PM by ingeborgsjon

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken

= Half a year of US oil consumption.

The trillions of barrels in the ground isn't that interesting since we can't extract it due to the poor EROEI.

reply posted on 7-11-2011 @ 09:58 AM by antonia

Originally posted by ingeborgsjon

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken

= Half a year of US oil consumption.

The trillions of barrels in the ground isn't that interesting since we can't extract it due to the poor EROEI.

Oh quit using your logic! Don't you know the rule around ATS is Drill baby, Drill!

The problem with shale drilling is output decreases 50 to 70% in the first year and 90% in the second. Shale drilling lasts maybe 7 to 10 years if you are lucky.The decline curves just stink with shale.

This whole "there's oil for hundreds of years" crap is just self delusion. Everyone I know who is in the industry says Oil is getting harder and harder to get. Even they think the party is over.

reply posted on 31-1-2012 @ 12:53 PM by saturnsrings

Originally posted by neo96
reply to post by incrediblelousminds

The US ALREADY gets about 25% of it's oil from within it's own borders. So to pretend we don't drill here is obviously false. In addition, unless one believes in the fairy tale of 'aboitic oil', one recognizes that productivity of existing reserves in the US has declined since the 70's, which is the main we reason drilling is not expanding exponentially. The oil likely isnt there, and what is there isn't profitable to extract.

not to mention the new jobs and new wealth that would be created here instead of abroad and consider where all that wealth goes to.

edit on 23-4-2011 by neo96 because: (no reason given)

Excuse me while I laugh.

Whom exactly are you referring to when you say "new wealth"? It certainly isn't Average Americans that this "new wealth" will be going to. It's just more wealth that will be going to the top, there is no "new" to it.

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