"In 2003, the Bakken formation in North Dakota was producing a mere 10,000 barrels a day. Today, it is over 400,000 barrels, and North Dakota has become the fourth-largest oil-producing state in the country. Such "tight" oil could add as much as two million barrels a day to U.S. oil production after 2020—something that would not have been in any forecast five years ago.This, despite all the bashing of Big Oil and the federal government doing everything possible to destroy the domestic oil industry.
Overall U.S. oil production has increased more than 10% since 2008. Net oil imports reached a high point of 60% in 2005, but today, thanks to increased production and greater energy efficiency (plus the use of ethanol), imports are down to 47%."
Sunday, September 18, 2011
US Oil Imports Lowest as a Percentage Since 1996 -- Carpe Diem -- Bakken, North Dakota, USA
Link here with a great graph (and generally these links do not break).
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