After a long road trip, I've come to the conclusion that gas prices are out of control. So, how long before we pay 5 dollars a gallon in Bozeman and Montana?
For the better part of the year, Montanan's have been paying more at the pump and now we've seen all-time highs when it comes to fuel. Is there any relief?
Why are we turning to countries like Iran, Venezuela, and Saudi Arabia for oil when we could be turning to Montana, North Dakota, and Texas for oil? Plus, with oil prices skyrocketing, is production in the Bakken oil fields already ramping up due to price alone?
Aside from natural gas, what else is brought to the surface when we drill for oil? Water. A lot of it. That's what makes a company eyeing a move to Billings, Montana even more interesting- they're able to take the wastewater from the oil fields and turn it into useable water for agricultural irrigation.
School officials from multiple states are calling on President Joe Biden to reverse his ban on oil and gas leases on federal lands. Montana's Superintendent of Public Instruction Elsie Arntzen (R-MT), signed on to a letter along with public school representatives in Wyoming, North Dakota, Utah, and Alaska.
She's on the record opposing fracking. She's on the record opposing oil and gas drilling on federal land. She's on the record opposing pipelines. And, she couldn't even answer basic questions about wildlife management. She also happens to be President Biden's pick to head up the Interior Department and oversee hundreds of millions of acres of federal land.
American oil and gas drilling has dropped to the lowest level since 1949, but don't be too dismayed- the price should rebound by the end of the year, according to at least one investor.