posted October 05, 2013 08:55 AM
hahaha, shale oil is dead...so you say PhoenixRising.Surprise, surprise Phoenix, the shale oil industry is BOOMING. 
Perhaps that loony-tunes site you linked to should do a little basic reseach before popping off.
Bakken Shale Oil Boom Transforms North Dakota
November 30, 2012
Drilling Into the Future
Photograph by Jim Urquhart, Reuters
His overalls caked in mud, roughneck Brian Waldner wrestles with pipe as North Dakota's new horizon unfolds around him.
North Dakota, once a sleepy backwater of the petroleum industry, this year surpassed Alaska as the number two oil producer in the United States. The gush of North Dakota crude has helped lift U.S. oil production to its highest level in 14 years, and has the United States on track to regain its spot as the world's top energy producer within five years.
It's all due to hydraulic fracturing, or fracking, a new combination of old technologies that has yielded astounding results. Using high-pressure water, sand, and chemicals, the energy industry has been able to force abundant oil and natural gas production from underground shale formations around the United States.
Controversy abounds over fracking's impact on land, water, and air. But there's no question it has boosted energy resources and local economies.
Nowhere is this more visible in North Dakota, which has the lowest unemployment rate in the United States (3.1 percent.)
As workers labored in October on this True Company rig outside Watford City, North Dakota set a new one-month record for issuance of drilling permits, 370, up tenfold from just five years ago.
http://news.nationalgeographic.com/news/energy/2012/11/pictures/121130-north-dakota-oil-boom/
Lindaland
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posted October 04, 2013 03:37 PM
posted October 05, 2013 08:55 AM
