The Examiner editorializes today on the Bakken Formation, a vast, oil-rich shale deposit laid down in the Devonian age. A recent U.S. Geological Survey described it as the largest continuous oil deposit ever assessed by the USGS, holding from 3 to 4.3 billion barrels of recoverable oil — 25 times the amount previously estimated in 1995. From “Time to tap the Great Plains oil bonanza“:
Policy-makers must not allow to happen with the Bakken Formation what has occurred with the Arctic National Wildlife Refuge in Alaska, where 10 billion barrels of oil have gone untouched for a quarter-century because of utterly spurious environmental fears.
Also, huge deposits of oil and natural gas continue to go untapped off the Atlantic and Pacific coasts, again due to environmental hysteria. The truth is that leaks and spills from tankers carrying imported oil and gas exceed, by a large margin, the minuscule problems caused by the far safer use of pipelines from offshore drilling.
New discoveries and estimates from places such as the Bakken Formation and from the Marcellus natural gas fields in Pennsylvania continue to show that the United States has the resources and the wherewithal to be almost “energy independent.” What is lacking is not opportunity, but will.
And the triceratops reference in the headline? Dinosaur skeleton fails to find buyer at Paris auction“:
“Bids started at 420,000 euros and quickly climbed to 490,000 euros, but when the bidding stopped there, the auctioneer declared no sale.
The private collector had set a reserve price of 500,000 euros for the specimen that was found in North Dakota in 2004 and had been on display in his own private museum set up in his residence.
Latest posts by NAM (see all)
- Manufacturers Win Several Website Design Awards - June 15, 2011
- China Makes Commitments on Trade, Intellectual Property - December 16, 2010
- ITC Details Widespread Theft of Intellectual Property in China - December 14, 2010