Saturday, September 18, 2010

USGS Release: 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995

For all the blather we hear about the need for energy independence we see precious little action happening within our borders to make this happen. I'm sure a variety of factors play a role, from the Not In My Back Yard attitude to the environmentalist objections to off shore and on shore drilling to the belief that America doesn't deserve to be independent because of its inherently evil capitalist system (or what's left of it). In that context it's interesting to see the USGS release this staggering estimate of how much oil lies under our own soil.

Will we ever touch it?

No comments: