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Shhhhh, we'd all better be damned quite about it because sure as **** as soon the democrats find out about this they'll declare a moritorium on drilling.
They tried that already and got slapped down by a judge as being to broad in scope. Then they revised the moratorium in its current from with deepwater rigs only. That got slapped down also - they just ignored the court order.
Drtop i the bucket really;but better than nothing. texas pumpos mre crude than any state but that uis nothing compared to years ago or even what the demand is.We just are not any longer a prodcuing comany from any real reserves but of course anything helps stop the flow of dollars out of the country.
So much for the rumor about the evil three huggers preventing drilling anywhere.
Yea, you mean we let those wildcatters kill off all of the Spotted Owls to get to that oil? DAMMIT!!!
Anyway...The folks in N.D. are smart enough to know that oil is a boom/bust proposition...the money is good now and the oil is flowing. In a few years, it might be dead as a doornail. Never can tell with that business.
North Dakota Pumps Record 113 Million Barrels Of Oil, Smashing Previous Record By 30 Million
State Industrial Commission records show North Dakota pumped a record 113 million barrels of oil in 2010, smashing the previous high set a year earlier by 33 million barrels.
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One year ago, North Dakota had an average daily drill rig count of 94. The state Industrial Commission says 169 rigs were drilling Monday.
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This is an energy success story, and the economic impact of it is palpable in North Dakota where the state’s biggest problems are finding enough people to fill available jobs, maintaining infrastructure in the face of explosive growth and making sure the state’s politicians don’t fritter away windfall tax revenues on unnecessary growth in government.
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But there is a lesson here for national leaders, and that lesson is what can happen when you unshackle the energy sector from unnecessary taxation and regulation it will create prosperity. Which, frankly, is true of any sort of business.
Good news - we need more of this.
Suckers.
So North Dakota pumped a "record" 113 Million barrels of oil in 2010.
The US uses 20 Million barrels of oil per day.
So they pumped 5 1/2 days worth of oil.
Big Deal.
By the way the US produces over 9 Million barrels per day.
Aren't you going to tell them about the $6 Billion in investment needed to increase production?
$6 Billion investment dollars. Man, in any other country that would be a lot of manufacturing facilities with a lot of jobs.
So North Dakota pumped a "record" 113 Million barrels of oil in 2010.
The US uses 20 Million barrels of oil per day.
So they pumped 5 1/2 days worth of oil.
Big Deal.
By the way the US produces over 9 Million barrels per day.
Aren't you going to tell them about the $6 Billion in investment needed to increase production?
$6 Billion investment dollars. Man, in any other country that would be a lot of manufacturing facilities with a lot of jobs.
I wonder why I didn't see any libs talking about the fact that the Interior Dept. gave permission to a driller to begin drilling in the Gulf again. Yep on March 1, 314 days after the explosion in the gulf they finally issued a permit to drill to a well that was four days along when the explosion blew. I wonder what backed them down since court orders were pushed aside by the administration all that time. At least that company didn't go to the trouble of pulling all the pipe on that well and sending it to Brazil. I'll bet that really chapped the hindquarters or Prince Barack and Spooky Dude Soros since they invested a pile of money in Brazilian drilling just a few days after the explosion in the Gulf.
Yep, make little of North Dakota because they are relatively new to the business and hope that the government will somehow close them all down so that we can become more dependent on Middle Eastern oil which may be out downfall. I wonder just how much of this Soros and his puppet are behind.
So North Dakota pumped a "record" 113 Million barrels of oil in 2010.
The US uses 20 Million barrels of oil per day.
So they pumped 5 1/2 days worth of oil.
Big Deal.
By the way the US produces over 9 Million barrels per day.
Aren't you going to tell them about the $6 Billion in investment needed to increase production?
$6 Billion investment dollars. Man, in any other country that would be a lot of manufacturing facilities with a lot of jobs.
ND's oil production will hit 1 million barrels sooner rather than later, still not huge but the state will be #2 in oil production.
A major issue right now is infrastructure, I believe currently the state is producing so much oil that the pipeline is maxed out. Improvements are being made though, there saying the formation could have 11-20 billion barrels of recoverable oil so this is pretty significant.
ND's oil production will hit 1 million barrels sooner rather than later, still not huge but the state will be #2 in oil production.
You couldn't be more wrong.
Quote:
Originally Posted by FargoBison
A major issue right now is infrastructure, I believe currently the state is producing so much oil that the pipeline is maxed out. Improvements are being made though, there saying the formation could have 11-20 billion barrels of recoverable oil so this is pretty significant.
Again, you couldn't be more wrong.
They're seeking $6 Billion in investment to match with the consortium's $15 Billion to expand production to 650,000 barrels per day by 2022.
6th Grade Math says that's 11 years from now.
All of your fields have peaked and have been in steady production decline, so by 2022 they only thing you'll be doing is offsetting your losses. You'll actually be importing more foreign oil because what's in the Bakken Fields is very light oil. Same thing as Forties (from the UK). I'd explain it, but I don't think you'd understand, since you're one of the "oil is oil is oil" crowd.
Suffice to say that gasoline prices will not be dropping for two reasons, one, you don't have a lot of refineries that can refine very light oils, so most of it will be exported, and two, you don't get a lot of gasoline from very light oils. In fact you get less gasoline that intermediate and heavy oils (but you do get a lot of aviation fuel).
Quote:
Originally Posted by roysoldboy
I wonder why I didn't see any libs talking about the fact that the Interior Dept. gave permission to a driller to begin drilling in the Gulf again. Yep on March 1, 314 days after the explosion in the gulf they finally issued a permit to drill to a well that was four days along when the explosion blew.
Those are test wells. It'll take 2-3 years just to do the assays and figure out what kind of oil it really is and what you can do with it. You'll be dead by the time they build the infrastructure to actually start pumping it.
North Dakota uses this money to diversify its economy and to invest in infrastructures
It would be nice for ND to create a Permanent Fund Dividend like was done in Alaska years ago.
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DAMMIT!!!
