The election was more than a month ago and many in Washington and around the country are still scrambling to break out their divining rods and polish off their crystal balls. There are still many unanswered questions about the direction of President Obama’s next term, particularly how it will govern on energy policy. Will the President embrace the economic engine of energy production, or will he side with the climate change lobby and move to support a cap and trade program like the one California just put into place? Based on the campaign rhetoric of the last year, it’s hard to...
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GK0 Wrote: Jan 11, 2013 10:47 AM
Because of the Bakkan oil field, North Dakota is becoming a cesspool of illegal immigrants and there's an actual housing crisis. Crime rates have dramatically increased. Housing prices have unnaturally exploded. It's one giant bubble and it WILL burst. No good is coming from this whatsoever, and Keystone will inevitably make it far, far worse.
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petroleum engineer Wrote: Jan 11, 2013 12:25 PM
Further proof of your ignorance, GKO. Have you ever been to North Dakota. Do you know the technical skills it takes to be a roughneck on a rig? Every oil play eventually settles down to a stable labor force. It is not a bubble as you say. I think 60+ years in the business gives me a bit of insight.
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