bakken bewilderment

The more I look at the huge Bakken type reserves world wide the more I become dumbfounded—huge deposits in central North America in the Williston Basin(North Dakota,Montana,Saskatchewan,etc.)—some production is now happening. The Texas? producer intends THIS FALL to ship by rail over 100,000 bbls a day to Washington state refineries See http://af.reuters.com/article/commoditiesNews/idAFL2E8J25SJ20120802 ( Kinder Morgan may not be happy).

There are many online items about this unbelievable massive resource world wide—as a minimum, oil people say decades of new world supply exist—maybe more!—The Russia fields dwarf the North America fields—even Israel has just contracted a Canadian firm to help them develop their Bakken type field—just recently a story in Calgary press suggests that the Northwest Territories field may larger than the Williston Basin,and on and on it goes--—of course everyone is touting their holdings—mind boggling.

Most of these sites have been known for decades—but the new production methods have made these locations viable—we’ll see.

And more unwelcome news for tar sands folks—the Bakken oil is a light oil,easily refined—and likely already is less costly to produce than the tar sands oil---so maybe(BC-Alberta cat fight) Christy Clark has Alison Redford running scared—even ‘forgotten’ Saskatchewan with it’s large Bakken reserves could end up being a bigger producer than Alberta—‘sacre bleu’!

This whole subject is becoming absolutely mind boggling—then there’s heavy debate about the serious pollution potential involved when fracking the rock formations to yield the Bakken oil—Some say that this pollution from ‘fracking’ may stymie the Bakken production-others say nonsense--

So,what to do—all sorts of weird scenarios come to mind;

If the Bakken oil becomes less expensive to produce than tar sands oil—Northern Gateway pipeline costs exceed revenue—?? The world may stop buying tar sands oil..why not?Of course the pipeline gang don’t care a bunch—they’ll just reverse flow and pump Bakken oil—then maybe Alison won’t be so cheeky—maybe the $17 trillion from the tar sands ain’t going to happen--

And of course there’s that glut of natural gas—an even more desirable fuel selling for peanuts today—(how’re your Encana shares doing these days)?

And on and on---does anyone have any idea where we’re headed—the energy crisis has come full circle---we now have an over supply crisis looming--

Now—what to do—sell Syncrude ,move to Saskatchewan,sell real estate holdings as Albertans will no longer be coming with big bankrolls???