First the good news:
APNewsBreak: ND Oil Patch May Double Production : NPR: "Government and industry officials believe North Dakota's oil patch contains more than twice the amount of oil previously estimated and that the state's already record crude production will double within the decade.Now my prediction: Ogabe will claim all the bison are being poisoned and nationalize the entire state. I give it 3 years tops.
If the forecast is correct, North Dakota could leapfrog in a few years from the fourth-biggest oil producing state to No. 2, trailing only Texas.
'It's a pretty rosy picture,' said Lynn Helms, director of the North Dakota Department of Mineral Resources. 'We have a huge amount of drilling still in front of us.'
Helms said the state currently is pumping about 350,000 barrels of crude per day and was on pace to produce about 110 million barrels in 2010, up from 79.7 million last year and more than double the amount produced less than three years ago."
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