Let My People Drill! New Study Shows Mideast Oil Might Not Be Needed by 2025

July 26, 2012 09:08


North Dakota’s oil production could be more than 2 million barrels a day by 2025 — about three times the current rate — according to a state-funded study released Wednesday.

[Editor’s note: Current Middle East oil imports are 1.86 million barrels a day from all of the Persian Gulf countries combined. If the Bakken Shale formation produces over 2 million barrels a day it would offset all the terror supporting Middle East oil imports all by itself.]

Associated Press via Bismark Tribune


EXCERPTS:

North Dakota’s oil production has exploded in the past decade with improved horizontal drilling techniques into the Bakken shale and the Three Forks formation below it.

 

Kringstad said natural gas produced from the Bakken and Three Forks formations also is rich in liquids that can be converted into fuels such as butane, propane and gasoline.

FULL ARTICLE



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