pdxrailtransit Wrote:
-------------------------------------------------------
> From the article:
>
> "The rate of Bakken oil production growth over the
> past six years was quite impressive. However, it
> did so based on certain requirements:
>
> 1) High oil prices
>
> 2) Low interest financing
>
> 3) Massive drilling program"
>
>
> Kind of puts the lie to the idea that Capitalism
> is the most efficient allocator of resources.

The process of extracting oil from the Bakken field in North Dakota has been incredibly wasteful:

Over all, more than 18.4 million gallons of oils and chemicals spilled, leaked or misted into the air, soil and waters of North Dakota from 2006 through early October 2014.

Source:

[url=http://[www.nytimes.com]]Downside of the North Dakota oil boon[/url]