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InsiderOnline Blog: April 2008

The Carbon Economy Lives

Government finally did something good in the field of energy yesterday: It confirmed that private industry is coming up with solutions to our energy needs. The U.S. Geological Survey announced that the amount of technically recoverable oil from an area known as the Bakken Formation in North Dakota and Montana has increased 25-fold since 1995. The formation is now estimated to contain between 3.0 billion and 4.3 billion barrels of oil. A major reason for the increase is that the oil industry continues to develop new technologies for extracting hard-to-reach deposits.

Posted on 04/11/08 10:25 AM by Alex Adrianson

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