[Abel-tasman] Never lose power again
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Sun Aug 4 21:52:45 CEST 2013
Never lose power again
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WASHINGTON Energy companies are lining up for their shot to drill
in the Dakotas and Montana after a new government report revealed that
a massive geological formation stretching across the states contains twice
the oil and three times the amount of natural gas than was
originally believed.While the new estimate is drawing smaller companies
to the game, the larger players like Schlumberger, Halliburton and Continental
Resources are pushing forward with ambitious multi-year plans to stake their
claim in the industry.Continental recently announced a five-year plan to
triple its production by 2017. The companys growth is based on success
in North Dakota and Montana as well as in parts of Oklahoma.The
dash to drill follows news from the government on how much more
oil and natural gas there is to tap.These world-class formations contain
even more energy resource potential than previously understood, which is
important information as we continue to reduce our nations dependence on
foreign sources of oil, newly confirmed Interior Secretary Sally Jewell
said Tuesday in a statement.The new U.S. Geological Survey estimates there
are 7.4 billion barrels of oil, 6.7 trillion cubic feet of natural
gas and 0.53 billion barrels of natural gas liquids in the Bakken
and Three Forks Formations in the Williston Basin Province of Montana, North
Dakota and South Dakota. Since 2008, close to 450 million barrels of
oil have been produced in the area and if t
mating that 260,000 people died
- more than double previous estimates. (AP Photo/Schalk van Zuydam, File)The
Associated PressFILE - In this Monday, Aug. 15, 2011 file photo, children
from southern Somalia hold their pots as they line up to receive
cooked food in Mogadishu, Somalia. Officials in East Africa say a report
to be released this week by two U.S. government-funded famine and food
agencies gives the highest death toll yet from Somalia's 2011 famine, estimating
that 260,000 people died - more than double previous estimates. (AP Photo/Farah
Abdi Warsameh, File)The Associated PressFILE - In this Tuesday, July 26,
2011 file photo, Minhaj Gedi Farah, a seven-month-old child with a weight
of 3.4 kilograms is held by his mother in a field hospital
of the International Rescue Committee (IRC) in the town of Dadaab,
Kenya. Officials in East Africa say a report to be released this
week by two U.S. government-funded famine and food agencies gives the highest
death toll yet from Somalia's 2011 famine, estimating that 260,000 people
died - more than double previous estimates. (AP Photo/Schalk van Zuydam,
File)The Associated PressNAIROBI, Kenya A decision by extremists Islamist
militants to ban food aid and international donors numb to a series
of unfolding disasters made south-central Somalia the most dangerous place
in the world to be a child in 2011.The first in-depth scientific
study of famine deaths in Somalia in 2011 was released Thurs
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