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Author Topic: This Bakken boom 5 times larger than ’80s, Fed says Back to Topics
sailorjupoak
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Fargo

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Message Posted: Jan 5, 2013 1:08:52 AM

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.
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mitt4prez
Champion Author Tacoma

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Message Posted: Jan 6, 2013 7:28:51 PM

Don't worry, The Won (II) is doing his best to stop this.
jrs4125
Champion Author Indiana

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Message Posted: Jan 6, 2013 7:08:22 AM

This too shall pass.
fuel2use
Champion Author Seattle

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Message Posted: Jan 5, 2013 1:06:51 PM

Sure with today's technology.
Van_Halen
Champion Author Atlanta

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Message Posted: Jan 5, 2013 12:57:27 PM

.
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

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Message Posted: Jan 5, 2013 9:23:52 AM

Increased supply and weak demand are supposed to result in lower prices ... but they don't.
humblepie
Champion Author Toledo

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Message Posted: Jan 5, 2013 9:14:40 AM

all thanks to dubya..............
LanguageMan1
Champion Author Tampa

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Message Posted: Jan 5, 2013 5:12:11 AM

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

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Message Posted: Jan 5, 2013 3:57:53 AM

With government cooperation just think how far this could go. Obama could even claim some honest credit.
69Bonne
Champion Author Gary

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Message Posted: Jan 5, 2013 1:47:42 AM

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

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Message Posted: Jan 5, 2013 1:47:42 AM

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

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Message Posted: Jan 5, 2013 1:46:05 AM

Sooooo, where is the "peak oil" scenario now, and how long will the shale gas and oil really be profitable??
GAS1251
Champion Author Texas

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Message Posted: Jan 5, 2013 1:39:28 AM

So much for being past peak oil.
silverfox63
Champion Author Michigan

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Message Posted: Jan 5, 2013 1:33:19 AM

Meaning the Federal Government is going to get in the mix and screw everything up.
Z51Corvette
Champion Author Austin

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Message Posted: Jan 5, 2013 1:31:35 AM

Well what is the relative inflation since the boom during the 80's... let's get some equivalency here!
roadrunnerMO
Champion Author Kansas

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Message Posted: Jan 5, 2013 1:20:18 AM

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.
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