willbeurdaddy
Posts: 11894
Joined: 4/8/2006 Status: offline
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quote:
ORIGINAL: tj444 quote:
ORIGINAL: mnottertail quote:
ORIGINAL: tj444 quote:
ORIGINAL: mnottertail as I have stated many times, we got the Bakken find, and only about 1/4 of the land under oil lease here is or has been drilled, I said before, there different opinions on how much oil there actually is in the Bakken field, it depends on who you listen to and their stats (& who is manipulating them). This little bit here, upon reading it again, I think you misunderstood my point, because I didn't do a really good job saying what I said. Only one fourth of the land leased for oil exploration in the United States has ever been drilled. In other words, there is alot of Oil Land here laying fallow, I am a proponent of use it or lose it. It was not meant to say that only a quarter of the Bakken has been found. Seriously, I can see how you misunderstood, and if I followed the reasoning of your answer snip, you did. yes, I did take it that way. And yes, I am aware of your royalty checks (you posted a while back about your father buying shares or something, if i recall correctly). On the contrary, i am not emotional about it.. just there are miles of pipelines in the US already, there are disagreements about how various methods do damage, etc.. I just wanted to know what damage you were concerned about (most imo is done in Alberta itself).. Sure, 30 years from now, you could buy Alberta's oil,.. the question is, at what price? I tend to think a little differently.. imo, the US would be better off using the oil from the rest of the world and then when those sources are depleted (or perhaps when the price gets waaay too high), that imo would be the time to develop your own.. That would be my view if I were an (patriotic? ) American and thinking solely of strategy.. But I dont have shares that give me royalties so no financial bias in that respect.. (I did not even get one of the payouts from Alberta's heritage fund ) his 1/4 of leased land being drilled is bullshit also. It takes years of lead time to prepare a field to be developed and they get tied up even longer in environmental studies/lawsuits/restudies/new lawsuits. If new leases arent continually being secured it guarantees a gap when the reserves in producing fields are depleted.
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Hear the lark and harken to the barking of the dogfox, gone to ground.
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