Eight U.S. states made the top 10 list of most attractive jurisdictions worldwide for oil and gas investment, according to Calgary-based Fraser Institute's Fifth Annual Global Petroleum Survey.For North Dakota to have made the list is quite impressive -- these are not just among the US states but ALL geographical locations worldwide. Here are the top ten:
Mississippi, Ohio, Kansas, Oklahoma, Texas, West Virginia, Alabama and North Dakota made the top 10 of the All-Inclusive Composite Index; the Netherlands sector of the North Sea and Hungary also are among the top 10, the global policy think-tank reported.
Only Mississippi, Texas, Oklahoma and Alabama ranked in the top 10 in the 2010 survey, and were also among the top 10 in 2009.
- Mississippi
- Ohio
- Kansas
- Oklahoma
- Texas
- West Virginia
- Netherlands -- North Sea (the windmill capital of the world)
- Alabama
- Hungary -- shale gas?
- North Dakota -- yea!
Among the least attractive:
The least attractive countries for investment include Venezuela, Ecuador, Bolivia, Iran, Kazakhstan, Uzbekistan, Democratic Republic (Kinshasa), Iraq, Libya and Russia.I guess a war drops you out of the running -- but even a war (Libya) is not as bad as Russia. Hmmm.
The Gulf of Mexico plummeted from 11th place last year to 60th place this year, following the leak, then the moratorium, and now the permitorium.
Based on his public comments, Interior Secretary Ken Salazar is probably hoping to move the Gulf to the top ten this next year. Or not.
Another region that dropped significantly was north shore Alaska. Who woulda thought?
Some comments about THE List.
ReplyDeleteFirst off, the oil in Basins was laid in by meteor impactors, The Red Wing impactor a supposed 6Kil rock, if true its speculated to have released the equivalent energy of a Billion hiroshimas....
Nucleation, as in phase transition took over under those conditions. All material in particular proximities, went through rapid phase transition ,all the way out from rock to gasseous states, and back again.
The Illinois Basin has known accumulated quantity of 48 kil of impactors over hundreds of millions of years. The Il basin including OH, IN, IL, Wi, has produced oil in much the same way as ND during its very early years.
No one is saying much because the Land men are working....Illinois basin is bigger than all other basins, the depth at which the shale captured Nucleated material is currently dispersed, is unknown.
The average depth for oil recovered in IN. OH & Il has been under 1,200.. feet. Hence no geology under the terms of oil as fossil fuels, is adequate to describe what will eventually unfold in this basin.
WV and NC as well as offshore the entire coast SE down to Cuba is a basin laid in by the mega impactor at Chesapeak....75Kil rock...
Team USA does indeed have the largest deposits of crude from Nucleation.
As a resident of Kansas its clear, that Kansas has always underperformed its potential, and this underperformance is directly attributable to lack of understanding about Nucleation.
There is one correlation associated with every oil field in the world.....That is they are all proximal to impacts from meteors.
Our dumb and dumber education system has been under the boot of geologists without knowledge of geophysics..who have never accounted for the energy released by impactors (billion hiroshimas is a lot of energy folks), and thus have no credibility...in order to break this inertia in our knowledge base about oil, we must look to space. In Summer of 1993 the Shoemaker Levey impactrors began peppering Jupiter, it was a real time display about the making of oil, it was completed within 10 days.
Post impact analysis shows hydrocarbons spread across an Earths diameter area on Jupiters surface, crude oil, this crude oil remained at the surface of Jupiter as a huge Black spot, it remained on the surface for 8 moths, before the crude using the newly created fractures, began its migration down.....
if you want easy oil...you'll find it on Jupiter....if you want easier oil....head to the Illinois Basin.
The interesting thing is that so many of these states could replicate what is going on in North Dakota if they "wanted": oil, wind, agriculture, even high tech. There must have been a reason for Microsoft to locate its second-largest campus in Fargo. And there must be a reason Marvyn's windows is re-locating its operations on the North Dakota side of the Minn-Dak border.
ReplyDeleteThe reason Microsoft "located" it's second largest campus in Fargo is because that is where great plains software was located when Microsoft bought the company which was founded in 1984. There was no reason to colocate or relocate the business. Tech start ups tend to locate in areas where there is a tech "base". Great Plains was unusual in this respect. I don't see ND as being attractive for tech business offices except in rare circumstances. The harsh weather and rural environment make it difficult to recruit. That is the unfortunate reality.
ReplyDeleteYup.
ReplyDelete...and the reason Marvyn's is building on the North Dakota side of the Minn-Dak border?
Marvin Windows is correct spelling, I believe.
ReplyDelete