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05-16-2008, 01:12 AM
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#24
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Senior Mommysavers Member + Approved Trader
Last Online: 10-26-2008 08:50 PM
Join Date: Jul 2006
Location: North Dakota
Posts: 302
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I think you mean there hasn't been a new refinery built in the last 30 years. Lots and lots of rigs have been built, lots of holes have been punched. I know because they are in our backyards here.
I don't think Alaska drilling is necessary if you take a look at the oil available in the Bakken formation in North Dakota. The recoverable oil is estimated to be 2.1 billion barrels, and ND is geographically closer to the rest of the United States, and would mean less pipeline to build to get to refineries. This amount of oil can be recovered over the next century, so the problem remains not of supply, but of refining for use. There have been a lot of rumblings lately about a possible state refinery being built, but I have a feeling that EPA regulations will make it a process only possible with great fortitude.
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