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July 01, 2008
"Dakota Oil: Persia on the Plains?"
Oh, you BET controversial!
Western North Dakota and western Pennsylvania, by which I mean the middle of nowhere, are on track to become the center of the universe for energy companies over the next few years as geologists, speculators and attorneys battle for control of two of the most important and unusual oil and gas finds of the past three decades.
Before the battle is fully defined and winners are awarded the spoils, there's plenty of time for investors to make low-risk bets that could generate great returns over the next few years. There are even cheaper opportunities north of these two hot spots, in the Canadian tundra of Saskatchewan and New Brunswick, which share the same rich rock formations but have yet to attract as much interest.It may be a little hard to believe that these forlorn areas -- far from the glamorously derrick-dotted plains of Texas, Oklahoma and California -- could yield the sort of riches that attract the diamond-studded-cowboy-hat crowd, but energy exploration has never exactly gone hand in hand with the tourist trade. So put on your mukluks and parka, get out your atlas and prepare for a visit to the Bakken and Marcellus shales.
In fact SO controversial, it makes some people sick!
That must be why I feel ill every time I see him.
Posted by tree hugging sister at July 1, 2008 10:07 AM
Comments
Well, it's only fitting, as the first commercial oil well in the US was in Pennsylvania.
Posted by: Mr. Bingley at July 1, 2008 01:54 PM
Speaking of Saskatchewan...
http://www.smalldeadanimals.com/archives/009014.html
Posted by: mojo at July 1, 2008 01:57 PM
How long until somebody does Harry Reid the way Michael Corleone did Senator Geary in Godfather II?
Posted by: nightfly at July 1, 2008 03:25 PM
Reid needs to be institutionalized. Other than in Congress, I mean. Someplace where he gets regular doses of Thorazine.
Posted by: The_Real_JeffS at July 1, 2008 08:45 PM