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Sic Semper Tyrannis

Monday, March 31, 2008

Might be time to move to North Dakota

The U.S. Geological Survey is nearing completion of a research project that will attempt to quantify how much oil is contained in the Bakken shales formation and how much of it is recoverable.

...the Bakken formation may hold as many as 900 billion barrels of oil.

...Other estimates of the Bakken formation's oil reserves have pegged the number at closer to 200 billion or 300 billion barrels.
Note that Saudi Arabia’s proven reserves were about 267 billion barrels in 2006, so even given the lowest estimate, this would make the U.S. virtually OPEC-like.

And wouldn't that just stick in some craws.