If they can't sell their oil at a high price per barrel, there is no point in continuing this very expensive drilling. And, relatively soon, the very expensive wells may stop producing oil.

The pipeline proposed to cross Iowa would likely not have very much oil to transport after 2020, according to this article.

--Tom

 

 

-----Original Message-----
From: Darrell Clarke <[log in to unmask]>
To: CONS-TRANS-CHAIRS-FORUM <[log in to unmask]>
Sent: Mon, Jul 21, 2014 11:57 am
Subject: 538 on Bakken production


The "538" website has elaborated on limits to fracked oil production in the 
Bakken that Alan Drake first brought to us here.

North Dakota’s Oil Bonanza Is Unsustainable: http://fivethirtyeight.com/features/north-dakotas-oil-bonanza-is-unsustainable/ 


via DuckDuckGo for iOS

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