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Old 06-07-2008, 06:18 PM
amh73 amh73 is offline
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Default Oil in North Dakota

Read this article: http://www.kiplinger.com/businessres...er_080317.html

Why isn't the U.S. drilling in North Dakota? We need to become independent from the Middle East until we manage to move to alternative resources.
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Old 06-08-2008, 11:58 AM
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As a liberal I would have no problem letting oil companies rip up N. Dakota. There isn't anything there. Can anyone say Fargo?
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Old 06-08-2008, 12:02 PM
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As a liberal I would have no problem letting oil companies rip up N. Dakota. There isn't anything there. Can anyone say Fargo?
Ooh, I dunno, there's some nice mule deer hunting out in Eastern Montana and Western North Dakota...

However, if you ever watch North Dakota news, you'll want the whole state leveled just because of their ugly news anchors.
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Old 06-08-2008, 12:02 PM
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Start drilling!
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Old 06-08-2008, 12:34 PM
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Start drilling!
why didn't we start the day they discovered it?
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Old 06-08-2008, 02:11 PM
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see explanation at the bottom.
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Old 06-08-2008, 02:14 PM
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Just because there is oil doesn't mean companies will start drilling. Companies take factors in to account such as the cost of transporting equipment and workers to the area, the terrain might be make drilling to costly, the demand must justify the high cost, and the cost benefit analysis of drilling in rough terrain. It's risky and quite drilling into hard terrain because you aren't certain that enough oil will be discovered to justify expenses. Computer can only do so much and many time there calculations are off. Right now I think the oil companies are probably waiting for demand to justify the expenses in drilling into rough terrain.
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Old 06-08-2008, 03:39 PM
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Just because there is oil doesn't mean companies will start drilling. Companies take factors in to account such as the cost of transporting equipment and workers to the area, the terrain might be make drilling to costly, the demand must justify the high cost, and the cost benefit analysis of drilling in rough terrain. It's risky and quite drilling into hard terrain because you aren't certain that enough oil will be discovered to justify expenses. Computer can only do so much and many time there calculations are off. Right now I think the oil companies are probably waiting for demand to justify the expenses in drilling into rough terrain.
At $140 (last time I checked so don't pounce on me if it changed) a barrel I think anything justfies drilling for that oil.

But I understand what you are saying. However, Canada's shael oil wasn't mined until recently because the cost-benefit wasn't favorable enough until oil started reaching about $50 a barrel. I hardly think land drilling can be that costly compared to deep-sea oil drilling, which has a much higher cost-benefit analysis.
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Old 06-09-2008, 06:38 AM
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Originally Posted by amh73 View Post
Read this article: http://www.kiplinger.com/businessres...er_080317.html

Why isn't the U.S. drilling in North Dakota? We need to become independent from the Middle East until we manage to move to alternative resources.
Why do you wanna be independent from middle east oil?

Do america buy middle east oil now ore what?!!

If the middle east are seeling oil to america, then they are stupid, because there iis a bigger market in there backyeard! (europe and asia!
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Old 06-09-2008, 07:14 AM
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Why do you wanna be independent from middle east oil?

Do america buy middle east oil now ore what?!!

If the middle east are seeling oil to america, then they are stupid, because there iis a bigger market in there backyeard! (europe and asia!
It is time to cut relations with the Middle East. We have enough of our own oil but enviromentalist wackos won't let us have it. The Middle East would need Europe and Asia if the U.S. did that. What else to they have to offer except oil and dirt? Once the world moves to alternative energy sources the Middle East will be in a world of hurt and kissing our butts for help.
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