Oil people have known about Bakken since 1953. It wasn’t until ‘74 that it was technologically possible to get profitable amounts of oil out of that area. Since the late 1980s, I can’t see where the government has stood in the way of anybody wanting to drill in the Bakken:
“The greatest Bakken oil production comes from Elm Coulee Oil Field, Richland County, Montana, where production began in 2000 and is expected to ultimately total 270 million barrels. In 2007, production from Elm Coulee averaged 53,000 barrels per day (8,400 m3/d) — more than the entire state of Montana a few years earlier.
New interest developed in 2007 when EOG Resources out of Houston, Texas reported that a single well it had drilled into an oil-rich layer of shale below Parshall, North Dakota was anticipated to produce 700,000 barrels (111,000 m3) of oil. This, combined with other factors, including an oil-drilling tax break enacted by the state of North Dakota in 2007, shifted attention in the Bakken from Montana to the North Dakota side. The number of wells drilled in the North Dakota Bakken jumped from 300 in 2006 to 457 in 2007. Those same sources show oil production in the North Dakota Bakken increasing 229%, from 2.2 million barrels (350,000 m3) in 2006 to 7.4 million barrels (1,180,000 m3) in 2007.
There are a number of publicly traded oil and gas companies that have drilling rigs in the Bakken region, including EOG Resources Inc., Continental Resources Inc., Whiting Oil & Gas Inc., Marathon Oil Corporation, Brigham Exploration, Hess Corporation and Samson Oil and Gas Ltd. A niche fund, the Williston Basin/Mid-North America Stock Fund (ICPAX) invests in the publicly traded companies that are profiting from this massive oil find.”
http://en.wikipedia.org/wiki/Bakken_Formation#History_of_Bakken_oil_generation_estimates
http://en.wikipedia.org/wiki/Elm_Coulee_Oil_Field
But these are all exercises in futility. Drilling for more oil is not the future. Our future lies in existing renwable energy technologies. While we pour money and effort into fossil fuels, we are ignoring the very technologies that can save us financially, environmentally, and in maters of national security. I am not naive enough to believe that America will just give up their SUVs, for Detroit to build only alternative energy vehicles, for people to start moving closer to work and for the US to begin developing European or Japanes-style mass transit grids overnight, but we are headed there whether we like it or not and should be putting much more effort in this direction.
But, in order to do that, we must have leadership that represents the people and not the multinational corporations which have every interest in fossil fuels and not the health of this nation. Which brings us to the real problem, I believe, which is how to get our democracy back.