Thu Mar 8, 2012, 08:20 PM
Little Tich (497 posts)
Shale boom turns North Dakota into No. 3 oil producer
Source: Chicago Tribune
NEW YORK (Reuters) - North Dakota has overtaken California as the third-largest U.S. oil-producing state, as the controversial fracking technology boosted shale oil output and cut the Midwestern state's unemployment rate to the lowest in the country.
The shale oil boom could be a recurring theme during the U.S. presidential campaign this year with both parties debating how to create and sustain energy-related jobs and reduce the top oil consumer's dependence on imports.
Republican nominee Mitt Romney has appointed the chief executive of a major producer in the Bakken shale rock formation -- Continental Resources' Harold Hamm-- as his energy advisor.
The state's January oil output rose to 546,050 barrels per day (bpd), up 59.2 percent from a year earlier, after output in the Midwest state's Bakken and Three Forks shale prospects rose some 11,000 bpd to a record 480,700 bpd, data from the North Dakota Industrial Commission showed on Thursday.
Read more: http://www.chicagotribune.com/news/sns-rt-us-oil-output-bakkenbre82714v-20120308,0,2231629.story
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Shale boom turns North Dakota into No. 3 oil producer (Original post)
|Little Tich||Mar 2012||OP|
|Angry Dragon||Mar 2012||#1|
Response to Angry Dragon (Reply #1)
Thu Mar 8, 2012, 08:51 PM
Gore1FL (11,666 posts)
2. yes--to be refined into gasoline....that is what gets exported.... n/t
Last edited Thu Mar 8, 2012, 08:52 PM USA/ET - Edit history (2)
edited multiple times because of my inability to type properly...