To: da_cheif™ who wrote (65604 ) 8/10/2011 8:20:35 AM From: dvdw© 2 Recommendations Read Replies (1) | Respond to of 207796 NOpec is a certainty. WTI is at a huge discount to Brent, this will increase as supplies ramp. Today 189 rigs are active in North Dakota, the Bakken is the larget active construction project in the USA. At 200 rigs the Bakken will be producing over 1 million barrells a day. The nucleated oil in Shale as a mystery is being unravelled, oil companies are adjusting and innovating, if your favorite oil company is not active in the shale basins its comparative costs will be too high. CHK will be opening the Utica Shales, which are adjacent to the IL basin, the Il basin contains more hydrocarbons than North Dakota, as the area was peppered with 46 kil of impactors, which widely distributed the oil. One of these rocks was big enough to have cracked the mid continent plate, which produced the largest earth quake in NA in the 1800's. The soda straw oil business is rapidly reaching eclipse, oil particles in shale are measured in nanometers, these small particulate sizes have reached depths down to 15,000 ft.....whereas oil drilling in OH IN IL Penn. which has been in decline since the 60's barely tapped anything below 2500 ft. Soda straw is toast, while pools will still be found on the way to deeper depths, oil captured in shales will remain the target. There are no dry holes in shale plays, the driller need only drill deeper, the center of the earth is approximately 1500 miles from the surface, shale formations being tapped right now are down less than 2 miles. The concepts behind Peak oil were based on misconstruing the sources and origins of oil. Peak oil has been a levered construct that has been utilized by the International, as a way to elevate National Oil companies as the sole providers of crude.....this has enabled extortion which is soon to be overturned, Peak oil is toast.....it was never correct about how oil was made, and it was never correct about how much oil there is available, due to the limited depths of oil drilling, pre 2007. Under Peak oil IL OH IN pools were sucked dry long ago, none of those pools were at any depth, so claims about oil in these basins could not be known. Nothing about Peak OIL can be asserted that has not now being overturned, by the recognition of Nucleated oil in shale. Meteor impactors laid the oil in across all the newly operating basins and over millions of years that fine oil particulate migrated through natural fractures created at the same time as the oil to now current depths....... We are now well on our way to becoming the worlds major producer of crude....we are in position to counterprogram all the planned for contrivances set up under the peak oil myth, to enable socialisms claims about scarce resources.....oiligarchic malfeasance........will not be possible per the scripts previously submitted, thier momentum will implode, as broad understanding of the truths described herein are told.