Bakken oil formation

You probably heard the news last week -- that 3 to 4.3 billion barrels of “technologically recoverable oil” are in the Bakken oil formation that spreads across North Dakota, Montana, and parts of Canada.

That was the conclusion of the US Geological Survey’s (USGS) long-awaited Bakken assessment.

And you probably caught wind of the pre-report hype too. "North Dakota -- the next Saudi Arabia."

Wow, talk about an overestimate.