NOW READ OUR ARTICLES IN 40 DIFFERENT LANGUAGES.
HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter Magazines Advertising READ THE BAKKEN NEWS ARCHIVE! BAKKEN EVENTS PETROLEUM MINING

SEARCH our ARCHIVE of over 14,000 articles
Vol. 17, No. 19 Week of May 06, 2012
Providing coverage of Bakken oil and gas

Energy expert calls Montana superpower

KTVQ-2 News of Billings, Mont. reported April 3 that energy and geopolitics expert Michael Economides called Montana a “superpower” when it comes to the nation’s energy future.

Speaking to the Montana Energy 2012 conference in Billings April 3, he predicted a robust future for oil and natural gas production in the Bakken oil fields located in Montana and in Canada and North Dakota to the north and east, Jay Kohn reported.

“The last time I looked, we were producing 150,000 barrels per day in the Bakken. Today, it’s nearing 600,000 barrels,” said Economides. “I don’t think there’s a story like this in the history of U.S. oil and gas.”

Economides, who is editor-in-chief of Energy Tribune (www.energytribune.com), and a professor at the Cullen College of Engineering at the University of Houston, also talked at length about the emerging U.S. presence in the world of liquefied natural gas.

He predicted the price for liquefied natural gas in the United States will soon boom from the current $2 per million British thermal units to $8 per million Btu, which he believes will happen by 2014 or 2015, making the United States the most important player in the world natural gas market. As for crude oil, KTVQ-2 News reported that Economides foresees production in the Bakken exceeding 1 million bpd in the near future.

—Rose Ragsdale



Did you find this article interesting?
Tweet it
TwitThis
Digg it
Digg
Print this story |
Email it to an associate.

Click here to subscribe to Petroleum News for as low as $69 per year.


Petroleum News Bakken - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnewsbakken.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News Bakken)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.