Part of the Bakken oil region is seen in this false color image from NASA's Terra satellite, captured on April 2. The red tones are indicative of snow cover. A network of roads criss-crossing the region is visible — used by many thousands of trucks employed in servicing the oil fields.
The Bakken formation in North Dakota and Montana has helped spark a "peak oil is dead" meme in the media and elsewhere. There are reasons to believe that this latest fad is as overblown as the peak oil frenzy was in the mid-2000s.
But one thing is clear: The Bakken is a big producer of oil. As of February, the formation was producing 673,015 barrels of black gold each and every day, making it one of the most productive oil regions in the United States.
And the official daily production may actually be underestimated. Some private estimates peg it ...
