[SEL] OT OIL interesting read

[Orrin B Iseminger]

All the oil in the world does us no good if it cannot be pumped out of the
ground; this is the main problem with that in the Bakken Formation.  Far
from it be a new and recently discovery, a half century ago there was
drilling activity in western North Dakota and eastern Montana, but it was no
bonanza.  Now, with the ability to drill horizontally, some of the Bakken
oil can be retrieved.  Even with this innovation, much of the Bakken oil
will stay where it is, probably forever.  If you do not read the entire
Wikipedia entry linked below, everyone should at least read this:

"While these numbers would appear to indicate a massive reserve, the
percentage of this oil which might be extracted using current technology is
another matter. Estimates of the Bakken's technically recoverable oil have
ranged from as low as 1% - because the Bakken shale has generally low
porosity and low permeability, making the oil difficult to extract - to
Leigh Price's estimate of 50% recoverable.[11] Reports issued by both the
USGS and the state of North Dakota in April 2008 seem to indicate the lower
range of recoverable estimates are more realistic with current technology."

http://en.wikipedia.org/wiki/Bakken_Formation

If it sounds too good to be true, it usually is.

Regards, 

Orrin

Orrin Iseminger
Colton, Washington, USA
http://users.moscow.com/oiseming/lc_ant_p/menu.htm
So many projects.  So little time.   

-----Original Message-----
From: sel-bounces at lists.stationary-engine.com
[mailto:sel-bounces at lists.stationary-engine.com] On Behalf Of Russell
Gilbert
Sent: Monday, November 23, 2009 9:36 PM
To: The SEL email discussion list
Subject: [SEL] OT OIL interesting read

U. S. Oil Discovery- Largest Reserve in the World