Classroom Column: Will The Bakken's Leadership Turn Oil Into Ag 2.0?

Part Two of Four covering the historical changes, issues, government intervention and solutions to America's economy.

Photo by Kevin Tobosa

We had to call an audible on Part Two of Four with this ESG University Classroom Column. Originally we were going to explain how the oil and gas industry has made significant advancements in energy innovations and reclamation, but that story is old news by now.

The purpose of explaining the energy evolution of “precision drilling” was simply to point out that the majority of the shale energy resources are known about. It’s all about the chemistry, science, innovations and price of oil. Knowing where to drill made the “wildcatting” method secondary and shale-fracking preferred.

Certainty over uncertainty.

Now that the government and the oil companies know where to drill, the only thing left for the government to do was to wait for the old-school entrepreneurs and wildcatters to rest on their laurels. And that’s exactly what happened.