Political Quotes

“Let me start with some good news because we almost never hear good news these days in America. All the news in America is about what went wrong, the old saying about bad news is that it travels halfway around the world before good news gets its shoes on. Almost nobody has any interest in saying let's broadcast good news all day. The good news last year, with respect to oil, was that for the first year in a long time, America actually increased its production of oil. We have been on this declining path. No more. Last year we increased the production of oil. Part of that comes from a formation in my part of the country called the Bakken shale. It is unbelievably complicated what we have done, but our country has learned to go explore and get oil from formations that 5, 8, 10 years ago you could not get oil from. There is up to 4.3 billion gallons of oil in the Bakken shale formation, 4.3 billion barrels of recoverable oil, that can now be unlocked using today's technology. They drill down 2 miles with a drilling rig, do a big curve, and go out 2 miles. With one rig they go down 2 miles, then go out 2 miles and then they hydrofracture it and the oil drops. They are getting up to 2,000 barrel-a-day wells. That is just one part of the substantial additional production available in this country, and it is producing now in a very significant way in Montana and North Dakota in the Bakken shale.…”