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BS: Bakken Oil Reserves

18 Sep 08 - 12:42 PM (#2444130)
Subject: BS: Bakken Oil Reserves
From: GUEST,hg

Last Friday a run on the gas stations in my town left us with a severe gasoline shortage which continues today. You have to hunt for a station which isn't out, until the next big shipments. So I am wondering:

Will The Bakken Oil reserves help fix the gas shortage in my town?

Read about Bakken Oil Reserves


18 Sep 08 - 12:49 PM (#2444134)
Subject: RE: BS: Bakken Oil Reserves
From: Rapparee

Not for several years, even if we started today.


18 Sep 08 - 02:28 PM (#2444216)
Subject: RE: BS: Bakken Oil Reserves
From: CarolC

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18 Sep 08 - 02:36 PM (#2444226)
Subject: RE: BS: Bakken Oil Reserves
From: Q (Frank Staplin)

Bakken and other oil shales- not only would take time to develop but product price must be high.
Lease holders eyes lit up when the crude price was $140, but have dimmed considerably now that the price is below $100/bbl.

Oil sands, much easier to mine, currently have a floor of about $80/bbl for new expansions.