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WSJ: Oil Booms in North Dakota

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Thanks sprig for the insights.

I think petro-chemical companies know they have about 50 years max to earn as much profit as they can muster before fusion and battery-electric devices completely nullify demand for their products. Hence the urgency to develop and harvest domestic sources as quickly as possible, seemingly without regard to damaging effects of their harvesting methods.

MplsBisonFan You sound like you would be better off living in a socialistic state.

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How on earth do you glean that from his comments?

Not really that hard, because if you go back and read MplsBisonFan's statement it's part of Obumble's green energy plan...

think petro-chemical companies know they have about 50 years max to earn as much profit as they can muster before fusion and battery-electric devices completely nullify demand for their products. Hence the urgency to develop and harvest domestic sources as quickly as possible, seemingly without regard to damaging effects of their harvesting methods.

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Not really that hard, because if you go back and read MplsBisonFan's statement it's part of Obumble's green energy plan...

Yeah cause we all know energy independence and coming to terms with the future (oil is not renewable) makes you a socialist!

(lil side bar - the majority of the people in your town, Grand Forks, voted for Obumble)

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Thanks sprig for the insights.

I think petro-chemical companies know they have about 50 years max to earn as much profit as they can muster before fusion and battery-electric devices completely nullify demand for their products. Hence the urgency to develop and harvest domestic sources as quickly as possible, seemingly without regard to damaging effects of their harvesting methods.

well said

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Yeah cause we all know energy independence and coming to terms with the future (oil is not renewable) makes you a socialist!

(lil side bar - the majority of the people in your town, Grand Forks, voted for Obumble)

The fact remains that there is more oil in the USA than you can swing a stick at in the USA and we should be drilling... The Obumble administration is no very friendly when it comes to the oil companies and he is actually slowing down exploration and drilling with his policies. I don't know if you can say that Grand Forks voted for Obumble, I have yet to see numbers on it, nor does it really matter now. I can believe there are a lot of people that fell for his hollow pointless platitudes that probably won't again.

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I don't know if you can say that Grand Forks voted for Obumble.

??? ??

No. You can indeed say it. Its a fact.

2008 North Dakota Presidential Election

You must be talking about the political point of Anwar, which has enough oil to keep the US going for a whopping two year.

And in light of such a huge oil "spill" in our oceans. It doesn't seem like offshore drilling is a very enviromentally safe thing. Maybe another reason to seek alternative energy.

I can believe there are a lot of people that fell for his hollow pointless platitudes that probably won't again.

Or.... the only other "option" was old and incompetent.

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??? ??

No. You can indeed say it. Its a fact.

2008 North Dakota Presidential Election

You must be talking about the political point of Anwar, which has enough oil to keep the US going for a whopping two year.

And in light of such a huge oil "spill" in our oceans. It doesn't seem like offshore drilling is a very enviromentally safe thing. Maybe another reason to seek alternative energy.

Or.... the only other "option" was old and incompetent.

Or......the liberal media helped cover up the fact that the person now in the White House is a left-wing extremist.

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??? ??

No. You can indeed say it. Its a fact.

2008 North Dakota Presidential Election

Or.... the only other "option" was old and incompetent.

I went back and looked it was 2000 votes... Look I am not a fan of John McCain at all but you have to look at the mess we have now. I think in retrospect McCain would have done a lot better job than the light weight buffoon we have in office right now.

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"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

We need to get back to what Jefferson said.

I have to give you 1+ for that as well. Also, this great man once said, "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson

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You must be talking about the political point of Anwar, which has enough oil to keep the US going for a whopping two year.

And in light of such a huge oil "spill" in our oceans. It doesn't seem like offshore drilling is a very enviromentally safe thing. Maybe another reason to seek alternative energy.

There is more oil that you can shake a stick at on land in the USA. The problem is with refineries as well. We don't have enough of them.

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I went back and looked it was 2000 votes... Look I am not a fan of John McCain at all but you have to look at the mess we have now. I think in retrospect McCain would have done a lot better job than the light weight buffoon we have in office right now.

As a Libertarian, I have to agree with you. It is clear that Obama and Democratic Party will completely ruin this country. I too sincerely wish that John McCain had won instead of Obama. This country can't take much more of the Obama/Pelosi drivel that has degenerated our society.

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As a Libertarian, I have to agree with you. It is clear that Obama and Democratic Party will completely ruin this country. I too sincerely wish that John McCain had won instead of Obama. This country can't take much more of the Obama/Pelosi drivel that has degenerated our society.

For a refreshing, but painful view of the current state of affairs, I recommend Neal Boortz, a Libertarian. The self proclaimed "High Priest of the Chruch of the Painful Truth. His show streams from 7:30 to Noon Central.

Boortz co-authored the "Fair Tax", which if implemented would solve a lot of DC issues, but would take power away from 536 people in DC.

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There is more oil that you can shake a stick at on land in the USA. The problem is with refineries as well. We don't have enough of them.

What's wrong with harvesting those domestic sources in a responsible way that doesn't damage the land?

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What's wrong with harvesting those domestic sources in a responsible way that doesn't damage the land?

Because most of the green jobs that Obumble is trying to ram down our throats are basically job killers and too expensive... I personally think that Wind Farms are eye sores...

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Because most of the green jobs that Obumble is trying to ram down our throats are basically job killers and too expensive... I personally think that Wind Farms are eye sores...

No, I meant that I want to harvest domestic fossil fuel sources (shale natural gas). If we've got them, we might as well use them before they become obsolete. Energy independence is key.

I'm just asking for oversight/regulation of the natural gas harvesting from the shale by an authority that is not driven by profit motives. Left to their own oversight, you know that natural gas companies are driven only by maximizing profit - meaning that they will continue to use known destructive methods like fracking.

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Dickinson booming

In the middle of North Dakota's oil patch, Dickinson is sitting at a cross road. (Gaylen Baker) "It's very important that we keep a standard of living that's very acceptable to people we have prided ourselves as a place where people want to live." Over the next 4 years Dickinson's population is exptected to increase from 18,000 to 25,000 people which would make it the 5th largest North Dakota city. Lexi "We are definitely on everybodies radar for being a hot spot for people to commute from and work in." In the last 8 months. 16 new buisness have made the city home

Whiting Petroleum is developing a large oil field northwest of Dickinson. Chesapeake Energy, which pioneered much of the shale formation developments elsewhere but isn't a large player in the Bakken, yet, has just leased a large amount of land south of Dickinson in Hettinger County, targeting the Three Forks formation. If that hits commercial oil, Dickinson's growth will actually accelerate.

Drilling South of Dickinson (Hettinger County)

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CNBC's Mad Money to broadcast live from Killdeer on Wednesday

A couple of months ago, Mad Money's Jim Cramer mentioned that he would take the show to ND - at the time thought he meant UND as part of their college tour that they do, as the caller was from Grand Forks. :blush:

Meanwhile, in Appalachia, USGS increases Marcellus Shale gas reserves by a factor of 40 Expect that number to increase as drilling efficiency increases. Also, two other natural gas bearing shales underly the Marcellus, making the reserves even higher.

Australia and Canada are two countries that are actively working on projects that are much more environmentally sensitive than Marcellus, Canada with it's tar sands and Australia, with Chevron's huge Gorgon project in Australia's Eden. Both countries have stronger economies than the US, helped in large part by their energy industries and declining energy imports (Australia's unemployment is 5.1%, Canada is at 7.2%.)

As natural gas become more plentiful (and very cheap - relative to gasoline), expect more trucks to be converted to nat gas.

With current price structures, it is economical to convert natural gas to gasoline, which Wyoming is proposing:

Wyoming pushing for natural gas to gasoline plant

A natural gas to liquids plant has just been put on-line in Qatar by Shell, proving the technology on a huge scale. In turn, this allowed Qatar to become a huge exporter of both nat gas and gasoline (and the $'s for Qatar to win and pay for the World Cup bid for 2022.):

Shell's mega-natural gas to gasoline/liquids plant in Qatar

Strategic use of natural gas would allow the US to reach a long-awaited goal of energy independence and allow the economy to get moving again.

Foreign Policy: The Americas, not the Middle East, can be the world's new energy capitol

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Saw part of the Cramer piece this morning at work. Pretty decent job. Maybe CNBC will provide a link later.

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Minot Daily News: Another new development in Columbus

For a town of 133 people, this is the second major development announced this summer. At this rate, Columbus could be a town of 2000 in five years.

COLUMBUS A New Orleans developer has begun site work in Columbus on a residential and commercial project that could add 400 homes and between 480 and 576 apartment units over the next three to five years.

"We are going to try to recreate Columbus with an old-town feel," said Allan Hegquist, partner in Holms Development Corp.

Columbus is more on the periphery of the main Bakken oil drilling. Seems like the company behind the proposed Potash mining project near Columbus is getting very serious about ND potash - and needs the permanent housing.

ds_mapfinal1.jpg

Dakota Salts Potash Project

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Another year, and more change in the western landscape on my way to camping in the badlands. It's amazing how much things have changed in the last 5 years. I'm all for taking advantage of our natural resources, but holy crap are the roads a mess.

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Minot Daily News: Another new development in Columbus

For a town of 133 people, this is the second major development announced this summer. At this rate, Columbus could be a town of 2000 in five years.

Columbus is more on the periphery of the main Bakken oil drilling. Seems like the company behind the proposed Potash mining project near Columbus is getting very serious about ND potash - and needs the permanent housing.

ds_mapfinal1.jpg

Dakota Salts Potash Project

The solution salt mining test wells near Columbus did not pan out. As far as we know the project has been abandoned for now.

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