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Shale Play in Western Siberia is 80 Times Bigger than the Bakken

OIL Price -- The Bakken shale is a huge expanse of oil-bearing rock that lies underneath Northern Dakota and Montana. Oil production in the Bakken has grown from just 60,000 barrels per day (BPD) five years ago, to 500,000 bpd now. It is predicted that the formation holds more than 24 billion barrels of oil, and that given enough rigs it could produce more than a million bpd by 2020 and continue that level of production for half a century.

The Bakken shale play is one of the biggest in the US, but is absolutely dwarfed by a shale play in Russia. The Bazhenov is located in Western Siberia, and according to Oswals Clint, Sanford Bernstein’s lead international oil analyst, it “covers 2.3 million square kilometers or 570 million acres, which is the size of Texas and the Gulf of Mexico combined;” an area

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Submitted Jun 06, 2012 By: mastermariner

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jun 9, 2012 8:02:49 AM Ignore honda0105 Report Abuse hype up shale gas. Eventually prices will be driven through the roof by specutraitors and Pig Oil in kahootz w/ Pig Banks.
DanMtz Champion Author Oakland Posts:3,496 Points:1,271,125 Joined:Oct 2009	Message Posted: Jun 6, 2012 8:16:27 PM Ignore DanMtz Report Abuse Oil is everywhere.
Pramodsharma Champion Author Richmond Posts:2,104 Points:413,140 Joined:Feb 2012	Message Posted: Jun 6, 2012 6:51:18 PM Ignore Pramodsharma Report Abuse ok
SammyAdams Champion Author Tallahassee Posts:3,201 Points:821,285 Joined:Nov 2010	Message Posted: Jun 6, 2012 6:32:02 PM Ignore SammyAdams Report Abuse This truth destroys the myth that the world is running out of oil. I doubt that they have an EPA to be concerned about, so let OPEC worry about the glut of oil reserves and may the prices continue to drop.
sljbc475 Champion Author Tucson Posts:4,360 Points:900,075 Joined:Dec 2010	Message Posted: Jun 6, 2012 8:02:28 AM Ignore sljbc475 Report Abuse Siberian winters are harsher than North Dakota or Montana winters.
skybiker Champion Author South Carolina Posts:7,413 Points:1,587,590 Joined:Jul 2008	Message Posted: Jun 6, 2012 7:49:30 AM Ignore skybiker Report Abuse If true the world has a 1000 year supply of petroleum...
swede Champion Author Cleveland Posts:3,902 Points:1,703,475 Joined:Feb 2003	Message Posted: Jun 6, 2012 7:22:22 AM Ignore swede Report Abuse good for Russia.
pitamon Champion Author Philadelphia Posts:4,992 Points:1,850,870 Joined:Sep 2004	Message Posted: Jun 6, 2012 7:13:10 AM Ignore pitamon Report Abuse So Russia can start Fracking.
alleycatMO Champion Author Kansas City Posts:1,205 Points:308,565 Joined:Feb 2012	Message Posted: Jun 6, 2012 7:06:39 AM Ignore alleycatMO Report Abuse yah,. whatever
isem Champion Author Missouri Posts:2,066 Points:450,885 Joined:Feb 2012	Message Posted: Jun 6, 2012 7:04:02 AM Ignore isem Report Abuse Whatever...
16Sammie Sophomore Author Florida Posts:110 Points:22,595 Joined:May 2012	Message Posted: Jun 6, 2012 7:03:54 AM Ignore 16Sammie Report Abuse good for them, this isn't in America, I don't give a crap!
Bonanza Champion Author Boston Posts:12,254 Points:2,578,705 Joined:Jun 2004	Message Posted: Jun 6, 2012 7:00:41 AM Ignore Bonanza Report Abuse We need all of the oil sources we can get
teegeesp All-Star Author Madison Posts:880 Points:600,000 Joined:Sep 2010	Message Posted: Jun 6, 2012 7:00:23 AM Ignore teegeesp Report Abuse Build more refineries to process all this oil.
rvn4me Champion Author Texas Posts:5,731 Points:1,520,715 Joined:Jan 2009	Message Posted: Jun 6, 2012 6:59:22 AM Ignore rvn4me Report Abuse Now are we going to pay for them to get to it.
Luckylindy Champion Author Milwaukee Posts:4,655 Points:1,155,520 Joined:May 2008	Message Posted: Jun 6, 2012 6:59:21 AM Ignore Luckylindy Report Abuse And thats why you hang on to territory despite how wortthless it may seem at the time.
TravelinMan52 Champion Author Augusta Posts:2,065 Points:991,345 Joined:May 2008	Message Posted: Jun 6, 2012 6:58:45 AM Ignore TravelinMan52 Report Abuse Maybe bigger is not always better.
MarkC08 All-Star Author Worcester Posts:664 Points:605,890 Joined:Nov 2008	Message Posted: Jun 6, 2012 6:57:47 AM Ignore MarkC08 Report Abuse OK
EVBuddy Champion Author Nevada Posts:16,835 Points:3,059,295 Joined:Sep 2004	Message Posted: Jun 6, 2012 6:57:10 AM Ignore EVBuddy Report Abuse At what cost to the environment?
minnesotagirl Champion Author Milwaukee Posts:6,002 Points:1,259,270 Joined:Oct 2009	Message Posted: Jun 6, 2012 6:56:48 AM Ignore minnesotagirl Report Abuse Wow!
RokT Sophomore Author Columbus Posts:139 Points:106,255 Joined:Oct 2008	Message Posted: Jun 6, 2012 6:56:24 AM Ignore RokT Report Abuse nice
friday21 Champion Author Toronto Posts:5,576 Points:713,085 Joined:Jul 2010	Message Posted: Jun 6, 2012 6:55:42 AM Ignore friday21 Report Abuse Nice
fieldt Champion Author Lansing Posts:4,055 Points:755,800 Joined:Mar 2011	Message Posted: Jun 6, 2012 6:53:29 AM Ignore fieldt Report Abuse The whole peak oil theory was based in ideology and not science. I don't even give them credit for good intentions.
snarkysmarko Champion Author Baltimore Posts:3,089 Points:711,595 Joined:Nov 2010	Message Posted: Jun 6, 2012 6:53:27 AM Ignore snarkysmarko Report Abuse Well...the Russians are back.
tcohio Champion Author Dayton Posts:2,757 Points:820,370 Joined:Oct 2008	Message Posted: Jun 6, 2012 6:52:36 AM Ignore tcohio Report Abuse plenty of oil to last until the FREE MARKET developes alternatives...
rocket_ron Champion Author Grand Rapids Posts:6,426 Points:2,012,675 Joined:Jul 2006	Message Posted: Jun 6, 2012 6:52:06 AM Ignore rocket_ron Report Abuse Really? There is more oil out there? Who could ever believe that. ;>)
FocusST2 Champion Author North Carolina Posts:8,283 Points:1,406,625 Joined:Jul 2009	Message Posted: Jun 6, 2012 6:52:04 AM Ignore FocusST2 Report Abuse OK, somebodie's going to be making money. Peak oil is a farce.
ultrarnnr Champion Author Pennsylvania Posts:1,574 Points:530,110 Joined:Mar 2011	Message Posted: Jun 6, 2012 6:51:43 AM Ignore ultrarnnr Report Abuse ok
Rt118E Champion Author Pennsylvania Posts:9,636 Points:1,396,945 Joined:Jun 2009	Message Posted: Jun 6, 2012 6:51:33 AM Ignore Rt118E Report Abuse Should they become the oil-producing capital world?
BBHybrid Champion Author Pittsburgh Posts:6,479 Points:1,297,075 Joined:Aug 2008	Message Posted: Jun 6, 2012 6:51:26 AM Ignore BBHybrid Report Abuse Flugenhabber is 790.9% bigger than glipenshireson. They made their areas up so did I. who cares?
icer06 Champion Author Huntsville Posts:2,553 Points:482,820 Joined:Jan 2012	Message Posted: Jun 6, 2012 6:50:22 AM Ignore icer06 Report Abuse ok
toolman3md All-Star Author Maryland Posts:552 Points:381,365 Joined:Apr 2012	Message Posted: Jun 6, 2012 6:49:58 AM Ignore toolman3md Report Abuse Go get it.
bondo Champion Author Twin Cities Posts:3,646 Points:790,235 Joined:May 2001	Message Posted: Jun 6, 2012 6:48:49 AM Ignore bondo Report Abuse I thought that we were to run out by now.
scottydoesnt Champion Author Chicago Posts:3,923 Points:540,670 Joined:Apr 2011	Message Posted: Jun 6, 2012 6:48:25 AM Ignore scottydoesnt Report Abuse Wait . . . there's more oil found ? I thought we were almost out.
millerin Champion Author Orlando Posts:2,332 Points:487,315 Joined:Jan 2012	Message Posted: Jun 6, 2012 6:48:22 AM Ignore millerin Report Abuse hmmm...
Rednix Champion Author Miami Posts:6,298 Points:1,303,435 Joined:Jul 2009	Message Posted: Jun 6, 2012 6:48:21 AM Ignore Rednix Report Abuse That's huge.
OldMan322 Champion Author Illinois Posts:5,287 Points:1,622,130 Joined:Jul 2008	Message Posted: Jun 6, 2012 6:48:00 AM Ignore OldMan322 Report Abuse Good for Russia, but it will be hard to drill in Western Siberia
LoneGuy Champion Author Lansing Posts:8,615 Points:2,344,720 Joined:Aug 2005	Message Posted: Jun 6, 2012 6:46:48 AM Ignore LoneGuy Report Abuse This apparently makes some people happy and some angry. It should make some people more wealthy.
SpruceGuse2 Champion Author Michigan Posts:9,869 Points:2,481,410 Joined:Mar 2006	Message Posted: Jun 6, 2012 6:45:19 AM Ignore SpruceGuse2 Report Abuse And?...........................
bad_sailor Champion Author London Posts:7,918 Points:1,701,045 Joined:Dec 2007	Message Posted: Jun 6, 2012 6:45:03 AM Ignore bad_sailor Report Abuse That's nice.
rahcat Champion Author Grand Rapids Posts:2,700 Points:690,875 Joined:Jan 2010	Message Posted: Jun 6, 2012 6:45:03 AM Ignore rahcat Report Abuse Wow
Jebeahm Champion Author Maryland Posts:1,337 Points:482,705 Joined:Mar 2011	Message Posted: Jun 6, 2012 6:43:38 AM Ignore Jebeahm Report Abuse I sure the oil at any cost people love this. Why not take us to hell we going there anyway.
4064BORI Champion Author Virginia Beach Posts:1,393 Points:431,995 Joined:Feb 2010	Message Posted: Jun 6, 2012 6:43:34 AM Ignore 4064BORI Report Abuse Good
skyking19 Champion Author Little Rock Posts:2,021 Points:1,723,490 Joined:Jan 2007	Message Posted: Jun 6, 2012 6:42:15 AM Ignore skyking19 Report Abuse Awesome!
cheap59 Champion Author Michigan Posts:4,240 Points:983,270 Joined:May 2010	Message Posted: Jun 6, 2012 6:41:39 AM Ignore cheap59 Report Abuse Good!
golftellowcat Champion Author Ottawa Posts:2,589 Points:720,575 Joined:Apr 2010	Message Posted: Jun 6, 2012 6:40:57 AM Ignore golftellowcat Report Abuse ok
SavingInNC Champion Author North Carolina Posts:5,929 Points:1,119,215 Joined:Oct 2006	Message Posted: Jun 6, 2012 6:40:35 AM Ignore SavingInNC Report Abuse Good go get it all and drive the prices down down down
justmedc Veteran Author Michigan Posts:382 Points:174,495 Joined:Mar 2012	Message Posted: Jun 6, 2012 6:38:53 AM Ignore justmedc Report Abuse ok
BigBearHug Champion Author Amarillo Posts:2,344 Points:512,805 Joined:Dec 2011	Message Posted: Jun 6, 2012 6:38:48 AM Ignore BigBearHug Report Abuse drill baby drill
subnuke Champion Author Atlanta Posts:7,623 Points:1,535,190 Joined:Sep 2008	Message Posted: Jun 6, 2012 6:38:37 AM Ignore subnuke Report Abuse ok
fordfan1 Champion Author Indiana Posts:9,232 Points:1,918,715 Joined:Jul 2007	Message Posted: Jun 6, 2012 6:37:56 AM Ignore fordfan1 Report Abuse Good for them!!!!!