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Monday, April 14, 2008

Fargo Forum Credits Byron Dorgan With Bakken Oil Find

That’s right, the liberals at the Forum are crediting Byron “Windfall Profits Tax On Big Oil” Dorgan, the man who has spent the last several years opposing the expansion of domestic oil exploration in places like Alaska, with discovering the massive oil reserves in North Dakota’s Bakken formation.

PRAIRIE ROSES: To Sen. Byron Dorgan, D-N.D., and other state and federal officials who pushed for a comprehensive scientific assessment of the oil reserve potential of the Bakken Formation in North Dakota and Montana. The study by the U.S. Geological Survey was released last week, and its findings are amazing. It looks like the formation holds an estimated 3.65 billion barrels of oil, 1.85 trillion cubic feet of natural gas and 148 million barrels of natural gas liquids. It’s nothing short of a world-class reserve of energy, right under North Dakota. New exploration and recovery technologies make tapping the formation economically viable. While there is plenty of drilling and pumping activity under way in parts of the Bakken, last week’s news could spur much more. And because the reserves are so large, oil and natural gas activity could be sustained for many years. It’s good news for North Dakota and good news for the nation’s energy security.

The thing is, will Dorgan let the oil in the Bakken be exploited?  He’s opposed the exploitation of other oil reserves in America, why his sudden change of heart on oil reserves in his home state?  Is it because this particular oil deposit stands to benefit a significant number of his constituents?  Which means that he’s basing his stance on oil issues more on political expediency than anything else?

If oil in North Dakota is good for the country’s energy security, what about oil in Alaska?  Or off the gulf coast?

And what about Dorgan’s history of wanting to gouge oil companies with massive new taxes on the very proceeds those companies would use to develop oil deposits like the Bakken?

I fail to see how Dorgan can make a career out of fight the oil industry only to turn around and become an oil hero the minute a big deposit is found in his home state.  Dorgan deserves criticism for his inconsistency and rank opportunism, not praise.

Comments

I heard the other day about this massive proven reserve somewhere in ND.  I wonder who will trump this time?  The American people or the environmental terrorists?


Communism is evil

Chief RZ on April 14, 2008 at 12:37 pm

The Bakken formation was discovered in 1951.  It’s coming to prominence today because the price of oil AND new exploitation techniques are making it economical to exploit.

Too bad for Byron but he had nothing to do with any of that.  Well, that’s not really true, he’s as guilty as anyone for the run up on the price of oil.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on April 14, 2008 at 12:51 pm
Avatar for patriot

Yes, it will be interesting to see how the hypocritical Dorgan plays this one.  As for the USGS, the hell with them, the real people that work in the industry up there do not know how big it is.  Two years ago they said it would never have gone as far east as Parshall.  Now one of their biggest finds is in Parshall, what they don’t know is how far east it goes - Minot?  East of Minot?  They know it goes north into Saskatchewan.

How will Dorgan handle it if it comes to drilling in the Lake (Sakakawea)?  And can he fast track some refineries, or at least not let his lefty buddies put up road blocks.

patriot on April 14, 2008 at 02:57 pm

You didn’t hear about the time Byron was shootin’ at some food and up through the ground came a bubbling crude (Oil, that is, Texas tea, black gold)

Kevin on April 14, 2008 at 03:03 pm

No it was Byron’s Uncle.  Byron’s got more of the mentality of Jethro.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on April 14, 2008 at 03:16 pm

I don’t think that’s what he’s best known for in Regent.

Clint F on April 14, 2008 at 03:40 pm
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