When the AP broke a story on January 2, 2011, that North Dakota could surpass every state in the union in oil production except for Texas, someone wrote in to say that North Dakota would never surpass Alaska in oil production. I countered.
Today there is a story that environmentalists have stymied Shell Oil once again in its goal to drill in Alaska.
Yes, North Dakota could indeed surpass Alaska in oil production.
Meanwhile, oil closed down today, to around $88 but still on a trend suggesting we will see $100 oil by Memorial Day, the start of the summer driving season. The moratoria on off-shore drilling continue.
Oh, by the way: here is an update on the legal status of the polar bear.
[January 13, 2011: Bloomberg's chart of the day.]
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