North Dakota has had an oil boom! In the US only Texas produces more oil. Nearly 10,000 wells are now operating, and that number could rise to nearly 50,000. The impact on the people living in North Dakota is ambiguous – but that’s a subject for a future post.
Recently the issue of how to get the oil to market has become salient. Currently rail and truck transport are the means of getting the oil to refineries, but that’s expensive – and of course burns oil in the process. The logical and seemingly compelling solution is to build a pipeline. Let the oil flow from North Dakota, through South Dakota and Iowa to Illinois, where it can connect with existing pipelines. Its capacity will be nearly 600,000 barrels of oil a day.
On the surface, it seems like a great plan. Using less energy to get oil to refineries…
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