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Author	Topic: This Bakken boom 5 times larger than ’80s, Fed says	Post a Reply Back to Topics

sailorjupoak Rookie Author Fargo Posts:77 Points:29,745 Joined:Dec 2012	Message Posted: Jan 5, 2013 1:08:52 AM Ignore sailorjupoak Report Abuse WILLISTON, N.D. – The Bakken oil boom is now five times larger than the area’s 1980s oil boom, according to a new report by the Federal Reserve Bank of Minneapolis. Economists released this week an updated analysis of the Bakken oil field in North Dakota and Montana, highlighting oil production, demographic, economic and financial data. “At the Federal Reserve, we’re interested in making sure that we stay aware of the trends in the Bakken area because it’s a unique location where economic activity is growing at a fast pace,” said Rob Grunewald, an economist and editor of the report. Visit INFORUM for full article

sailorjupoak

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Fargo

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WILLISTON, N.D. – The Bakken oil boom is now five times larger than the area’s 1980s oil boom, according to a new report by the Federal Reserve Bank of Minneapolis.

Economists released this week an updated analysis of the Bakken oil field in North Dakota and Montana, highlighting oil production, demographic, economic and financial data.

“At the Federal Reserve, we’re interested in making sure that we stay aware of the trends in the Bakken area because it’s a unique location where economic activity is growing at a fast pace,” said Rob Grunewald, an economist and editor of the report.
Visit INFORUM for full article

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mitt4prez Champion Author Tacoma Posts:1,738 Points:1,244,270 Joined:Nov 2007	Message Posted: Jan 6, 2013 7:28:51 PM Ignore mitt4prez Report Abuse Don't worry, The Won (II) is doing his best to stop this.
jrs4125 Champion Author Indiana Posts:2,748 Points:589,795 Joined:Sep 2011	Message Posted: Jan 6, 2013 7:08:22 AM Ignore jrs4125 Report Abuse This too shall pass.
fuel2use Champion Author Seattle Posts:3,478 Points:730,625 Joined:Dec 2010	Message Posted: Jan 5, 2013 1:06:51 PM Ignore fuel2use Report Abuse Sure with today's technology.
Van_Halen Champion Author Atlanta Posts:2,844 Points:640,255 Joined:Apr 2011	Message Posted: Jan 5, 2013 12:57:27 PM Ignore Van_Halen Report Abuse . You Think?! Especially considering that the Obama Administration has crippled Oil production in the Gulf of Mexico and on Federal Land! They had to go someplace to get the Oil and that is a move to private land!
brbaritone Champion Author Virginia Posts:2,063 Points:1,696,210 Joined:Jan 2007	Message Posted: Jan 5, 2013 9:23:52 AM Ignore brbaritone Report Abuse Increased supply and weak demand are supposed to result in lower prices ... but they don't.
humblepie Champion Author Toledo Posts:34,135 Points:2,369,420 Joined:Mar 2006	Message Posted: Jan 5, 2013 9:14:40 AM Ignore humblepie Report Abuse all thanks to dubya..............
LanguageMan1 Champion Author Tampa Posts:11,707 Points:1,658,890 Joined:Apr 2008	Message Posted: Jan 5, 2013 5:12:11 AM Ignore LanguageMan1 Report Abuse People won't like it one day, such as when they or their family members start to get sick from it, literally speaking.
djgunrunner Champion Author Salt Lake City Posts:10,087 Points:2,346,655 Joined:Apr 2005	Message Posted: Jan 5, 2013 3:57:53 AM Ignore djgunrunner Report Abuse With government cooperation just think how far this could go. Obama could even claim some honest credit.
69Bonne Champion Author Gary Posts:1,140 Points:471,200 Joined:Sep 2005	Message Posted: Jan 5, 2013 1:47:42 AM Ignore 69Bonne Report Abuse Maybe I should put up with the cold weather, move there and get an oil job, make a lot of money and retire.....
Focus2 Champion Author Illinois Posts:7,889 Points:1,918,255 Joined:Mar 2006	Message Posted: Jan 5, 2013 1:47:42 AM Ignore Focus2 Report Abuse And many of these wells a couple years ago were put on hold until the price came up to where they wanted it.
jimgraham Champion Author Akron Posts:10,362 Points:1,978,010 Joined:Oct 2007	Message Posted: Jan 5, 2013 1:46:05 AM Ignore jimgraham Report Abuse Sooooo, where is the "peak oil" scenario now, and how long will the shale gas and oil really be profitable??
GAS1251 Champion Author Texas Posts:5,138 Points:1,624,280 Joined:Jun 2008	Message Posted: Jan 5, 2013 1:39:28 AM Ignore GAS1251 Report Abuse So much for being past peak oil.
silverfox63 Champion Author Michigan Posts:8,110 Points:1,609,765 Joined:Oct 2008	Message Posted: Jan 5, 2013 1:33:19 AM Ignore silverfox63 Report Abuse Meaning the Federal Government is going to get in the mix and screw everything up.
Z51Corvette Champion Author Austin Posts:8,475 Points:1,669,245 Joined:Jan 2008	Message Posted: Jan 5, 2013 1:31:35 AM Ignore Z51Corvette Report Abuse Well what is the relative inflation since the boom during the 80's... let's get some equivalency here!
roadrunnerMO Champion Author Kansas Posts:8,396 Points:1,697,515 Joined:Jul 2008	Message Posted: Jan 5, 2013 1:20:18 AM Ignore roadrunnerMO Report Abuse I take that to mean the federal government is going to screw with the economy where the oil boom is going on. More obummer dirty work.