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.

Tuesday, November 29, 2011

Mining of Shale Gas Makes Sense

Our nation is just 235 years old. And since 1950 the U.S. population has more than doubled from 151.3 million to 311.8 million. Over the same period, every U.S. president has advocated energy autonomy and the need to free ourselves from a petroleum-based economy powered by Middle Eastern oil. Energy diversification with reliable nuclear energy, natural gas, coal, and any other viable and proven sources simultaneously serves these long-held economic and security aspirations. But how do we make aspirations something more than wishful thinking?
Advances in drilling and fracking are "transforming America's energy landscape" according to a (June 25) editorial in the Wall Street Journal. It said that "as recently as 2000, shale gas was 1% of America's gas supplies; today it is 25%." And, "the shale boom is also reviving economically suffering parts of the country" such as Pennsylvania. But their neighbors in upstate New York, living in the economic wasteland along the Pennsylvania border, have been less fortunate since the Empire State imposed a ban on fracking.
Source: U.S. News

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