GOP primary Chatter

[NoDak]

Thanks for the stories and wiki links, but I am looking for actual data. Estimated reserves have not been update to include what is going in with Bakken and what they are doing in South Texas, but we have yet to see a significant increase in production with those areas opening up.

Speaking only for my state and the oilfield I work in, oil production has went throught the roof compared to what it was a few years ago. https://www.dmr.nd.gov/oilgas/stats/DailyProdPrice.pdf Left side of chart is BOPD=bbls oil produced daily. Right side is cost per bbls of ND sweet crude. Talk around here is that this is only going to keep climbing. We have over 200 drilling working in ND right now. It's estimated by some that ND oil production could approach 1mil bbls per day in a few more years. We've just recently passed California as the 3rd leading oil producer in the US, behind Alaska and Texas.

As for the Keystone Pipeline, what I've heard is that it will increase oil prices in the midwest (because they will no longer receive the bulk of Canadian oil) and Canada will be looking to profit by selling the oil overseas (see your wiki link: connections to export terminals along the Gulf Coast of Texas).

Yeah, oil would still be sold overseas by both the US and Canada.

Everything I've heard about it says both Canada and the US would be using it for exporting oil. And we'd still be getting what we buy from Canada, and probably at a cheaper cost considering the cost to ship it now. And it also would be used for getting oil closer to US refineries, again cutting shipping costs.

 

[NoDak]

Another story about the untapped oil resources from Forbes.com

http://www.forbes.com/forbes/2010/0426/outfront-oil-gas-obama-drilling-drill-here.html

 

[dbair1967]

Good info NoDak, thats for sharing

 

[jiggyfly]

I'm sure there's lots of ways to do it, but whether it actually all STAYS here doesnt matter.

Ultimately world supply will go way up, cost will come down.

Only enviornmental kooks believe differently.

Whether it actually stays here does matter because we could get outbid for are own oil.

Anybody with half a brain would realize that.

 

[Cythim]

Another story about the untapped oil resources from Forbes.com

http://www.forbes.com/forbes/2010/0426/outfront-oil-gas-obama-drilling-drill-here.html

I have seen these types of articles all over the web, I am looking for the source information that supports all of the claims of untapped oil resources.