Another SeekingAlpha Article on the Bakken

Updates

February 29, 2012: Chu admits the administration sees high gasoline prices as impetus for "going green."

Original Post

I did not write the linked article, but it sure sounds like I might have.

Sometimes I think my rants are are a bit too harsh coming from someone who did not want to "step on any toes" in this blog, but after reading the linked article, I feel a bit better.

Here's the opening:

Three years ago I wrote an article on Seeking Alpha entitled Energy Secretary Steven Chu Should Be Fired for NatGas Views. His comments on being "agnostic" about natural gas transportation proved he was absolutely clueless about American energy policy. The subsequent Solyndra scandal showed why Chu was agnostic about natural gas - he was too busy figuring out how to funnel tax-payer money to Obama supporters.

But Chu is a minor player and President Obama must ultimately take the blame for his own refusal to fully embrace natural gas transportation. The result is that we now have WTI over $100/barrel, gasoline prices are over $3.50/gallon (and heading higher), we again hear the drumbeat of another war in the Middle East, and of course, the fragile U.S. economy could very well be chopped off at the knees (again) by its nemesis: a reliance on foreign oil.

But worst of all, we still have no alternative to gasoline refined from foreign oil. With oil trading at some 40 times natural gas on an energy equivalent basis, it is simply astonishing that the U.S. government is not developing an energy policy to take advantage of the phenomenal development.

The article goes on to discuss the Williston Basin and mentions some investment ideas.

This may be one of the better "commentaries" from SeekingAlpha in quite some time. Enjoy.