Maybe I'll be proven wrong, but I think North Dakota production is somewhat of a flash in the pan, and that crude production increase won't continue for too long. We really need to plan for the day when we won't have all the oil we do today.
I SERIOUSLY doubt that you are wrong about Bakken. When I lived out there in the mid 1960s, the North Dakota fields were consider low-output. Then that production mostly failed but was revived recently through some interesting secondary recovery techniques. So now they are frakking like crazy but still the average well produces less than 100 barrels / day. Keep in mind we use something like 20,000,000 bbls / days in USA. Bakken will not make even the smallest dent in that total.
I SERIOUSLY doubt that you are wrong about Bakken. When I lived out there in the mid 1960s, the North Dakota fields were consider low-output. Then that production mostly failed but was revived recently through some interesting secondary recovery techniques. So now they are frakking like crazy but still the average well produces less than 100 barrels / day. Keep in mind we use something like 20,000,000 bbls / days in USA. Bakken will not make even the smallest dent in that total.
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