Wednesday, April 01, 2009

Peak Oil? We're Not Done Yet

I was looking back through a couple of old posts on the idea that the world has peaked out in oil production. Um, that's not quite the case. Not if we are willing to go after our own reserves. This according to the government's own reports:
Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Formation of the Williston Basin Province, Montana and North Dakota.
If Obama will let us go after our own oil supplies, we can end dependence on foreign oil and provide him plenty of time to develop his (currently unrealistic) "green" renewable sources.

By the way, how is carbon dioxide NOT green? Plants love it! They would die without it! When did CO2 become toxic?


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