Thursday, February 12, 2015

Oil Production Through the Roof

Check out this incredible chart which shows the state of the oil industry, and what the shale extraction process has meant to US total production:

Not since the early 70's (with a blip in the late 80's) have we seen this kind of volume being generated from within out our borders.  In fact, I'd argue that if you removed any kind of offshore drilling from the chart, the results would be even more amazing.

All this despite an administration that has been un-supportive, if not downright hostile, to oil extraction and production activity.  Amazing.

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