Here's a couple more... Although not directly related to Molopo they do give some insight into what's going on in the Bakken.
How Safe Is Oil Drilling?
Oil drilling is highly regulated and safe, Clean Harbors' Founder, Chairman and CEO told Cramer Wednesday.
Clean Harbors has been at the Bakken shale for nine years, he said, adding "we have not seen any kind of problems" like oil spills or companies not cleaning up after themselves. He also said drilling will not harm the water table.
"We do not see any signs of that at all," Alan McKim said. He thinks the technology used to drill into the rock formations is "pretty safe technology as far as we can tell."
CLH is an environmental clean-up and waste disposal company doing business in the oil fields of North America. Not only does it respond in times of crisis, it also performs routine maintenance, cleaning and disposal tasks.
McKim is also adamant that pipelines are not dangerous.
"It is the safest way to manage oil transport right now," he said. "I've been doing the cleanup business for 35 years. The majority of the events that we work on are related to tankers and trucks."
In fact, he's a proponent of the proposed pipeline that would transport oil from Canada to the US. He thinks that tapping into the resources in North America could free it from dependence on foreign oil.
"If we could get everybody focused on natural gas and oil here in the US and Canada, we could be, from a North American standpoint, energy independent for sure."
http://www.cnbc.com/id/44255525
Pickens: Washington Needs to Wake Up to US' Energy Potential
The U.S. could soon solve its "OPEC problem," billionaire energy investor T. Boone Pickens said Wednesday, if only Washington understood the magnitude of the country's resources. "We need to understand resources in America are abundant," Pickens said. "All we have to do is have a plan. We have no plan. We've never had an energy plan in America."
Pickens spoke with Cramer on a special episode of "Mad Money," which was broadcast from North Dakota. The state currently produces more than 400,000 barrels of oil a day by way of a public-private partnership. U.S. lawmakers could implement a similar plan, but Pickens doesn't think they understand just how much oil North Dakota and other states have, much less comprehend how much oil is being produced.
Pickens remains optimistic, though. He thinks the U.S. House could pass the Natural Gas Act (HR 1390) this year. If signed into law, it would give subsidies for manufacturers to produce natural gas-powered vehicles over the next five years.
http://www.cnbc.com/id/44255519
MPO Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held
