Thursday, June 19, 2008
Bakken Oil Field - "a Myth'"
This appears to put the Bakken Formation oil reserves to sleep...
At CNSnews.com, Keriann Hopkins reports:
"Reports circulating on the Internet tell of an oil field spanning parts of western North Dakota and eastern Montana where 400 billion barrels of oil supposedly are just waiting to be tapped. However, the U.S. Geological Survey (USGS) tells Cybercast News Service that those huge estimates are 'a myth.'
A USGS report issued in April estimates that there are between 3 billion to 4.3 billion barrels of oil in what is referred to as 'the Bakken Formation' -- well below the 400 billion barrels discussed on the Web, but up from the previous estimate of 151 million barrels made in 1995."
