Spock: USGS- Only 4.3 B recoverable from the Bakken

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Jeemie
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Spock: USGS- Only 4.3 B recoverable from the Bakken

#1 Post by Jeemie » Thu Apr 10, 2008 9:06 pm

http://www.msnbc.msn.com/id/24057222/

That's disappointing. The article spins this as a high number, and it is indeed a large find as far as current discoveries have been going, but let's put it in perspective.

The world consumes ~31 billion barrels of oil a YEAR (America consumes 8 billion of those).

So a field of only 4.3 billion barrels will do little to ease pain at the pump.

Don't know whether there's still money to be made, though for you, Spock- the link here said the oil can be drilled profitably when oil is $50/barrel, so maybe your investment would still yield something.
1979 City of Champions 2009

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