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Oil Stocks: Where Can You Find Black Gold?

Many have commented about the fact that the new sources of oil cited by Michael66 have high breakeven points.

In truth, the oil that lies under North and South Dakota (the Bakken formation) has been known for a long time. What allowed it to be NEWLY classified as a discovery is 1] new technology (horizontal drilling and fracturing) and 2] the higher prices which made it economic to recover.