Why I Love To Blog -- Reason #45 -- It Helps Me Keep Things In Perspective -- June 2, 2022

COP's Willow Project. 

Link here.

To put that in perspective:

• the Bakken will easily produce one million bbls of crude oil per day for three decades
• it currently produces in excess of one million bopd
• the Bakken will produce upwards of 400 million bbls each year
• compare with the article below:
• less than 200,000 bopd
• a total output of 590 million bbls by 2050
• the Bakken will do in excess of 600 million bbls every two years.

Disclaimer: I am inappropriately exuberant about the Bakken. I often make simple arithmetic errors. I often misread things. If this is important to you, go to the source.

Let's see:

• $8 billion / 590 million bbls = $14 / bbl
• does one think it's cheaper to drill, gather, and transport oil from Alaska than it is from North Dakota?