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(Minot Daily News)   You remember how North Dakota was supposed to have 3.6 billion barrels of recoverable oil? About that   (minotdailynews.com) divider line 17
    More: Cool, North Dakota, oil resources, U.S. Geological Survey, paid survey, Bakken formation, Interior Secretary Ken Salazar  
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26720 clicks; posted to Main » on 01 May 2013 at 2:44 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
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Archived thread
2013-05-01 03:21:34 AM
3 votes:

Pointy Tail of Satan: Alright! I'll do my part for the oil companies! I'm off to the dealer! What gets crappier gas mileage? The Ford Explorer or the Hummer?


If you're getting a Hummer, I recommend trying to avoid having gas at all, otherwise the Hummerer may stop in the middle of your journey.
2013-05-01 12:39:04 AM
3 votes:

Bucky Katt: It IS an estimate so don't get too excited.


Uh oh... are we talking potential oil-cop math here?
2013-05-01 06:34:22 AM
2 votes:
"..rapidly growing western North Dakota." So 100 people live there now?
2013-05-01 03:43:12 AM
2 votes:
Every time you call for price controls, God kills an economist.
2013-05-01 03:38:12 AM
2 votes:
Didn't half of Springfield want to shoot Mr. Burns over this kind of thing?
2013-05-01 12:12:15 AM
2 votes:

Charlie Freak: This state was a lot more fun before Big Oil showed up with their right-wing lobby friends and turned it into a social conservative playground. This all but guarantees more of the same.

On the bright side, they might actually get around to fixing the damn roads.


You mean I won't see gas prices of $.99/gal again?  Dammit Obama!
2013-05-01 09:07:22 AM
1 votes:
It still isn't renewable - it just allows us to stay on crutches a while longer. We should be smarter than this by now...
2013-05-01 07:25:56 AM
1 votes:
I will trade you two wheat and a brick for your oil!
2013-05-01 05:16:01 AM
1 votes:

Pointy Tail of Satan: Alright! I'll do my part for the oil companies! I'm off to the dealer! What gets crappier gas mileage? The Ford Explorer or the Hummer?


A REAL American would buy both, and use one to tow the other around.
2013-05-01 03:08:47 AM
1 votes:
Eh, another billion tons of CO2 up into the air, no biggie.

/Goes to cry thinking of where we'd be if we'd blown a trillion dollars on renewable energy instead of Iraq
2013-05-01 02:57:55 AM
1 votes:
Alright! I'll do my part for the oil companies! I'm off to the dealer! What gets crappier gas mileage? The Ford Explorer or the Hummer?
2013-05-01 02:53:43 AM
1 votes:
I don't know why we don't have price controls on gas.

Fer Christ's sakes; we have controls on grains and dairy, but not on gas.

/ it just seems to me that, for now, the American public is a captive market to gas prices.

// at the very least; we shouldn't be trading gas futures. That screws with the price.
2013-05-01 02:50:41 AM
1 votes:

MaudlinMutantMollusk: Bucky Katt: It IS an estimate so don't get too excited.

Uh oh... are we talking potential oil-cop math here?


Please.  Cop math would be 7.4 trillion barrels.

www.netbooknews.com
2013-05-01 01:16:14 AM
1 votes:

Mrbogey: Praise Obama! We all knew he'd come through and put more oil in the ground!!

RedPhoenix122: Charlie Freak: This state was a lot more fun before Big Oil showed up with their right-wing lobby friends and turned it into a social conservative playground. This all but guarantees more of the same.

On the bright side, they might actually get around to fixing the damn roads.

You mean I won't see gas prices of $.99/gal again?  Dammit Obama!

It will slow down the price creep and keep most of that money in America at least. The cost of recovering shale oil has a price floor. Just like how they're building a plant here to turn LNG into diesel. The cost would be about $1.30 per gallon of diesel but that's not going to be the price they sell it for.


In all seriousness, I doubt the price at the pump will change.  They'll just make some backroom agreements on how much to put out per day to keep supply low enough to drive up prices.
2013-05-01 12:32:59 AM
1 votes:
It IS an estimate so don't get too excited.
2013-05-01 12:22:16 AM
1 votes:
Praise Obama! We all knew he'd come through and put more oil in the ground!!

RedPhoenix122: Charlie Freak: This state was a lot more fun before Big Oil showed up with their right-wing lobby friends and turned it into a social conservative playground. This all but guarantees more of the same.

On the bright side, they might actually get around to fixing the damn roads.

You mean I won't see gas prices of $.99/gal again?  Dammit Obama!


It will slow down the price creep and keep most of that money in America at least. The cost of recovering shale oil has a price floor. Just like how they're building a plant here to turn LNG into diesel. The cost would be about $1.30 per gallon of diesel but that's not going to be the price they sell it for.
2013-05-01 12:19:20 AM
1 votes:
FTFA: "This is clearly great news for North Dakota and great news for the nation," Hoeven said. "It will further serve to enhance our state's role as an energy powerhouse for the nation. More than two years ago I persuaded former Interior Secretary Ken Salazar to initiate a new USGS study of the Williston Basin to stimulate more private-sector investment in infrastructure like housing, hotels, retail stores and other services to meet the needs of a rapidly growing western North Dakota. This new USGS study further confirms and reinforces the fact that the Williston Basin is a sustainable, long-term play warranting strong private-sector investment for decades into the future."

In the meantime, gasoline will go up to $7.50 per gallon, and natural gas will be so expensive that only rich people will be able to afford to heat their homes with it. The rest of the world will move away from natural gas and oil to other fuel sources. Fifty years from now, our grandchildren will be wanting to know WTF we were thinking.
 
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