Letter Re: The Bakken Oil Development has Ended the Peak Oil Debate
Dear JWR: I’m sitting in Western North Dakota atop a sea of oil. We are producing barrels of oil in numbers that could not be imagined less than six years ago. Natural gas production is soaring. Why? Fracking. Geologists have determined that world-wide natural gas production, with fracking could produce enough for hundreds of years usage. When I was growing up here in the 1960s, after the boom of the 1950s, experts said we were never going to discover any more oil. The boom of the 1970s proved that wrong. Then in the 1980s, it was all over but the …