USGS goes low
Posted by TFG on April 10th, 2008
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.
That’s significantly less than the 200-500 billion barrels posited by private industry. Not that I put a lot of stock in any gummint agencies estimates of anything, but still, that’s gotta be discouraging to lots of folks.
OK, then — you want energy independence for the US? Get the fuck out of the way. Turn the wildcatters loose on this. No bullshit about endangering bent-beak breast-beating sapsuckers. Let’s poke some holes in the ground and see what we get.
It’s the way we used to do it. It worked pretty good, till we got cheap oil from the Arabs. How bad do you want it, really?
April 12th, 2008 at 5:06 pm
Instapundit quoting Malcolm Forbes reminds that, in the alternative, we might go ahead and help burn up the Arab oil, and save ours for when it’s really in short supply and therefore more profitable. It’s a thought.