re: Heard on the news $4 a gallon gas again

quote:

---

There isn't enough oil in the US to begin to cover our consumption.

---

quote:

---

EOG Resources out of Houston, Texas reported that a single well it had drilled into an oil-rich layer of shale below Parshall, North Dakota was anticipated to produce 700,000 barrels (111,000 m3) of oil.[13] This, combined with other factors, including an oil-drilling tax break enacted by the state of North Dakota in 2007,[14] shifted attention in the Bakken from Montana to the North Dakota side.[citation needed] The number of wells drilled in the North Dakota Bakken jumped from 300 in 2006[15] to 457 in 2007.[16] Those same sources show oil production in the North Dakota Bakken increasing 229%, from 2.2 million barrels (350,000 m3) in 2006 to 7.4 million barrels (1,180,000 m3) in 2007

---