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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.18-0.5%Oct 31 5:00 PM EST

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To: bart13 who wrote (100830)5/29/2013 9:26:12 AM
From: Robin Plunder1 Recommendation   of 217516
 
Yes, probably peak cheap oil is passed...

here is the link to the comment I saw yesterday...while bakken oil might not be cheap, there could be quite a lot of it...

rp

"Saut: “I think the move toward energy independence is going to be huge. The latest figures show that we are producing 725,000 barrels a day out of the Bakken, but it’s going to be over 1,000,000 barrels a day by the end of the year.


Here’s the key, the resource we are currently drilling on in the Bakken is only 36 feet thick. But there is another resource underneath that called the ‘Three Forks Resource’ that’s a staggering 4,000 feet thick. They expect it to contain over a stunning 7 billion barrels of oil.



But it’s not just the Bakken, this is going on all over the country. So the move to energy independence is very, very bullish for America over the long-run.”

kingworldnews.com

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