Tuesday, May 15, 2012

The Pros and Cons of Bakken Oil

The Bakken Oil field is the largest known reserve of light crude oil in North America. There are both pros and cons of developing this field and extracting the oil there.

Ready? Then let's start. First the Pro, in favor of/in support of:

The number one point in support for bakken oil field production will be that quite a bit of oil is likely to be produced and extracted from this field. Some experts believe the reserves may contain as much as 19 billion barrels of oil, and might produce 2 million barrels per day by 2035..

A second point in favor could well be the significant effect that will have on world oil prices, and consequently the prices consumers pay for a wide array of products. Nearly everything currently produced either uses petroleum for it's production, or is at the very least transported or manufactured with oil..

A 3rd favorable point is The vast number of jobs the oil field is likely to create. During these tough economic times, the areas around the Bakken oil field have one of the lowest rates of unemployment in the country.

The 4th point in support of The injection of money into the national economy. Two million barrels a day at current prices is a gross income of two hundred billion dollars for the companies extracting the oil. would be

Lastly, your fifth reason for support will be ((6))).

And on the other side, for balance, the Con side, against:

The 1st point in contra for bakken oil field production is going to be that it continues our dependence on petroleum in general, as opposed to exploring and seriously developing other sources of energy, such as renewables..

And the second negative point is the controversial fracking technology that is used to extract the oil.

The 3rd point in contra is going to be It will increase oil consumption, and consequently the effects on global warming that are a result of the greenhouse gasses released..

A fourth negative point is going to be developing the Bakken Oil field is that oil production in general can be quite environmentally destructive..

And 5th and last, although not necessarily the least, consideration against is that it will only delay the inevitable point in time when we will be required by circumstances to reduce our consumption of fossile fuels..

Now both sides have been heard from and the Pros and Cons are stacked up, in favor and against.

So, in the final analysis is bakken oil field production the good thing? or just a bad thing?

The reply seems to be "Yes" to both questions! Bakken oil field production is apparently both good AND bad! It's left up to your reader to determine which side, the good or the bad, outweighs the other one...

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