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Stimulus thoughts: What you'd fix first
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Posted May 14, 2009
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3 to 4.3 Billion Barrels of Oil Found in North Dakota and Montana’s Bakken Formation
This is from last year, so why the wait? "On April 10, 2008, the United States Geological Survey (USGS) released their field report about the Bakken.
The formation stretches across North Dakota, Montana and Saskatchewan. The report estimates that 3.65 billion barrels of oil can be recovered from the Bakken formation. According to the USGS, "This is the largest oil accumulation in the lower 48 states.
It is also the largest continuous type of oil accumulation ever assessed by the USGS." Put it this way: The last time the USGS released an assessment was in 1995 and announced that only 151 million barrels of oil can be recovered. In other words, the latest assessment is 25 times greater than previous estimates."
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