Right here in America there is a modern day oil & gas boom. 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 Shale Formation of the Williston Basin Province, Montana and North Dakota.

Thursday, May 5, 2011

You're Missin the 2011 Boom...

...You see, energy-producing regions have been using hydraulic fracturing for years...
Without it, states would have never reached the billions of barrels of oil and natural gas that lay beneath our feet; nor would those states have been able to tack on tens of thousands of jobs. And that was despite our depression — err, recession.
Take North Dakota’s Bakken Shale formation, for example. Thanks to fracturing, the state was able to add thousands of jobs, even as U.S. unemployment rates hovered in the double digits.
The region’s energy source will only keep growing as experts see another 10 to 20 years of drilling in the region; North Dakota's economy will continue to be strong because of hydraulic fracturing.
And we’re about to see a similar boom in the Marcellus region, just as we forecasted last March.
Source: Wealth Daily

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