More diesel news; when it rains............
More diesels bound for US market. This sucks. Diesel is about 10 cents higher then regular around here. :) If every soccer mom in the US gets a diesel it will drive #2 up, up, up and out of sight. ...
Forum Discussion
The Mad Norsky wrote:JamesBr wrote:
Fracking is used to extract natural gas, not crude oil distillates.
Wrong. 1,000's of wells being drilled into the Bakken formation in North Dakota and Montana. Most all are being fracked. An almost 99% success rate on each well drilled with fracking.
Folks, the real exciting news with oil is currently the Bakken formation, mentioned earlier.
BUT, there is an even larger shale oil formation just recently found underneath the Bakken called the Three Forks formation.
In other words, given enough time, North Dakota will produce more oil than ANYWHERE ELSE on the planet.
Local officials and oil company papers are stating there are at least another 1,000 wells to be drilled in just the NW area of North Dakota alone.
Folks, that is going to be a lot of oil, and perhaps our end to foreign imports. And that would be very good news.
While goods it is. It will just make the U.S the largest exporter. Even with all the success in fracking isn't the price of crude still determined by OPEC? IIRC.
