2DREZQ

Do a quick google: Bakken Formation. Reliable estimates in the low hundreds of billions of barrels. Light, sweet crude. Think it's hype? Wrong. My family owns mineral acres in the area. This is the real deal.

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USS North Dakota

ameer

Maybe we sit on this until it becomes one of the last big oil reserves in the world? And what about all that oil in Alaska? It seems absurd that there's that much oil there and we aren't doing anything with it. Is there a national park there or something?

Depreciation

arent there a ton of environmental concerns for cultivating the oil in alaska?

gunnut

Shhhhhhh....

Black Gold in the Black Hills?

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Dreadnought

Actually there is alot in that area. The bad lands for instance, Mt. Rushmore, Crazy Horse, Custer State Park and more. Although it might be our answer there are many a folks that dont want drilling taking place in that area. Some of the reasons..dino fossils, Ellis AFB, plus the very ownership of the Black Hills as far as I know has never been settled. The Army took it but kept others out telling settlers the Lakota Indians owned the land. Washington held conferences with the Indians but were never able to solve that problem.

If the ownership still resides with the Indians then they would by assumption stand to gain quite a bit of money. Guess we will find out. And if it is their land then perhaps this time we should do the opposite and treat them much more fairly then the govenment did way back when. Wishfull thinking.

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Fortitude.....The strength to persist...The courage to endure.

2DREZQ

You don't need to go near those SOUTH Dakota monuments to get this oil. There is already a long history of drilling in the Williston basin. There is virtually no environmental reason to oppose this drilling. Ever been to the BADlands? Environmental fragility is not a hallmark of the area. I've spent nights on my back in a sleeping bag out there, staring up at more stars than you can imagine because the nearest artifical light was 20 miles away. (We got up the next day and blew a few hundred prarie dogs to bits.)

2DREZQ

The Bakken is going to make all of Alaska's oil look like that spot under your car in the parking lot. Climate conditions in ND are much nicer as well.

LetsTalk

This is not new news, they have known this since 1953, but now with Oil price up the roof, it is more profitable drill for it.

Bakken Formation - Wikipedia, the free encyclopedia

2DREZQ

They have known about the formation for years. What is different is that; A. The technology to drill it is fairly new. B. The amount of oil now estimated to be there is many, many times larger than originally thought. and, of course, C. It is economically feasible to pump it now that it's worth so much.

Exarecr

And that second spot of oil under your car is from the Dakota's. If you want to play oilman, our oil and energy reserves in Canada even after supplying your country with a little over 90% of it's fossil fuels every year are mammoth and there are still huge deposits that are known but not needed. Just the tar-sands alone in Alberta makes all the oil produced in Texas seem sink sized. Not to worry though. Our Government will find a clause or treaty somewhere that insists we keep on selling our fossil fuels to our American friends at half the price they charge us. For example,today in Kingston I have to pay $4.80 a gallon($1.20 a Litre). Tell me where in the U.S.of A. anyone is paying anywhere near this amount. Don't tell me it's because of our social programs either since our two currencies are virtually equal now.

glyn

[quote=Exarecr;484421]

For example,today in Kingston I have to pay $4.80 a gallon($1.20 a Litre).

At the pumps today I had to pay £1.18 per litre. Scandalous!

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Semper in excretum. Solum profunda variat.

gunnut

How much do your respective governments charge on gasoline/petrol?

Here in California, various federal and state taxes make up roughly 20% of the cost of gas. As of today, my neighborhood station sells gas at about $1/liter.

glyn

dark-alias

I would be more than happy to pay a little more at the pump and have to drive a 1/3 of the miles every year. but its america pretty self explanitory

dark-alias

i knew i liked canada just didnt know why until now