More Interesting Info

June 20, 2009

Oil in the US!

Filed under: news — seniorgeek @ 2:22 pm

It seems from A U.S. Geological Survey assessment, released April 10, 2008 that 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 is still available in Montana and North Dakota. The total is some where around 3 to 4 billion barrels of oil. So why are we not drilling and producing fuel from this area?

Quote for North Dakota Senator Dorgan…
“It is clear that the Bakken formation contains a significant amount of oil – the question is how much of that oil is recoverable using today’s technology?” said Senator Byron Dorgan, of North Dakota. “To get an answer to this important question, I requested that the U.S. Geological Survey complete this study, which will provide an up-to-date estimate on the amount of technically recoverable oil resources in the Bakken Shale formation.”

Now it seems that after much testing and checking that 3.4 Billion barrels are available to recover with current technology. Again so why are we not drilling and still relying to much on foreign oil?

The full report is available at the following location.
http://www.usgs.gov/newsroom/article.asp?ID=1911

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