- There is a lesson here for public policy generally, including health care. No centralized government expert predicted the vast expansion in energy supply from hydraulic fracking. It was produced by decentralized specialists in firms subject to market competition.
Showing posts with label North Dakota. Show all posts
Showing posts with label North Dakota. Show all posts
Thursday, June 9, 2011
Barone: Free Market, Not Government Policy, Drives Energy Boom
MICHAEL BARONE: In contrast to the marginal effects of much ballyhooed public policies, there has been a huge breakthrough in energy production in the past couple of years. Read more at Townhall...
Sunday, April 20, 2008
Massive Oil Deposit Could Increase US reserves by 10x
Next Energy News, February 13, 2008 [posted here March 29]
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant. Continued... Read More......
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant. Continued... Read More......
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