John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: nspolar who wrote (9004)	4/10/2008 9:59:12 PM
From: nspolar	Read Replies (2) of 33421

The USGS Bakken assessment comes in at just under 4 billion barrels. nextbigfuture.com I agree with one of the comments. Flows will continue to slowly increase, within a few years they are likely to hit 1 MMBPD and go up yet from there. The USGS estimates are likely to continue to increase as well, as technology continues to improve. The latest USGS estimate which represents a huge increase over the previous is likely the start of new trend, of revised estimates, upward. There is nothing like the oil patch, when profits are to be made. Expectations are more often than not exceeded. The northern plains are gonna be hopping with oil field workers for years to come. Booms and mini-busts are all part of the oil patch game, so they should expect a few of the latter as well.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next