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John Oliver on ND oil industry....
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<blockquote data-quote="raider" data-source="post: 56183" data-attributes="member: 353"><p>i would suggest this boom has far more benefits than are being realized by some... </p><p></p><p>i will not condone breaking laws, or personal bad behavior, but without this boom, the world may look much different...</p><p></p><p>if the bakken was not developed to the extent that it is, we would be in a very different place right now... there would have been no reason for saudi to crank up production and drop prices... obama is who he is and would not have handled policies any differently without the bakken... oil prices were dropped to sub $50 because of this boom, to hurt this boom, and i don't think we would have seen oil under $100 without it... in fact, i believe it would have been closer to $200 or over for the past several years... without our increased domestic production, which resulted in the oil price being slashed, countries that don't like us would now be flush with cash, and putin may have already devoured much of the middle east... if that was the case, would putin even still be selling us the oil we need, and if so, for how much??? </p><p></p><p>i know, if is for children... but regardless, i am thankful for the lessons learned by all involved here... i think all have a better grasp on what is possible here now, and what has to change in round 2, if the need to really crank up production is necessary in the future...</p></blockquote><p></p>
[QUOTE="raider, post: 56183, member: 353"] i would suggest this boom has far more benefits than are being realized by some... i will not condone breaking laws, or personal bad behavior, but without this boom, the world may look much different... if the bakken was not developed to the extent that it is, we would be in a very different place right now... there would have been no reason for saudi to crank up production and drop prices... obama is who he is and would not have handled policies any differently without the bakken... oil prices were dropped to sub $50 because of this boom, to hurt this boom, and i don't think we would have seen oil under $100 without it... in fact, i believe it would have been closer to $200 or over for the past several years... without our increased domestic production, which resulted in the oil price being slashed, countries that don't like us would now be flush with cash, and putin may have already devoured much of the middle east... if that was the case, would putin even still be selling us the oil we need, and if so, for how much??? i know, if is for children... but regardless, i am thankful for the lessons learned by all involved here... i think all have a better grasp on what is possible here now, and what has to change in round 2, if the need to really crank up production is necessary in the future... [/QUOTE]
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