BAKKEN OIL BUSINESS JOURNAL

BakkenJournal_Aug-Sept15

The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

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Page 26 of 59

Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 27 is more and more evident that the ex- t r a o r d i n a r y machine we have built to supply that demand can- not sustain it- self in its present form." But nowhere in the book is there any hint, any suggestion or any mention of hydraulic fracturing or horizon- tal drilling. Not in the table of contents nor in the index. And yet the book was pub- lished in 2004, well after Mitchell En- ergy had success- fully developed its hydraulic fractur- ing process. Thus, even though the break- throughs that changed the game had been made, Roberts missed it. His highly detailed examination of the oil industry overlooked the one factor Is There an End of Oil "The End of Oil" a best-sell- ing book written by Paul Rob- erts published in 2004, fills 332 pages warning readers that the end of our relation- ship with oil is coming – pos- sibly ending in catastrophe – unless we submit to some grand plans to be developed by wise men in positions of great power. Roberts, a journalist and well-known writer of two books, who's written exten- sively about business and environmental issues, of- fered a comprehensive pic- ture of the oil world as he saw it in 2004. He described that world in terms of dwin- dling oil reserves, with little desire among nations to cut a new path that would move humanity away from the self- destruction and economic collapse that would result from the failure to replace oil with something better. Roberts begins with a story about the Ghawar oil field in Saudi Arabia, the larg- est oil field ever discovered, and how it's running low on oil. He said he was suddenly on edge when he visited the field and was told by an engi- neer that it was necessary to inject water into the wells to force out the oil. He described the Ghawar field as the metaphor, the cautionary tale of the en- ergy economy, noting that he believed the energy e c o n o m y was about to hit a peak. Energy de- mands rise every year "with no end in sight, and each year it by: CHRIS BISCHOF ➤ continued, pg 28 Renae Mitchell - renaemitchell.com

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