Time suggests imports may have actually dropped slightly more in 2013 -- down to just 32%.
By the way, the link to Aries Residence Suites, above, is very interesting. I had not seen it before (if I have, I have forgotten). Aries has suites in Texas and North Dakota. In North Dakota: Tioga and Watford City:
Aries Residence Suites offers nightly, weekly, and monthly workforce housing (aka man camps) at two locations in the Bakken oil fields in North Dakota: Tioga & Watford City. Unlike typical man camps, our locations strive to offer amenities that make our guests feel like home. Whether you need temporary lodging or extended stay workforce housing, we hope you’ll discover the difference Aries Residence Suites provides!By the way, I believe North Dakota now accounts for 13% of US domestic production. Mark Perry, over at Carpe Diem provides a list of more North Dakota energy milestones, posted October 16, 201, including:
August marked the fifth straight month that daily oil production in the Peace Garden State exceeded one million barrels. Another important production milestone was reached in August, as average daily crude oil output from the state’s shale-rich Bakken oil fields topped one million bpd for the third straight month, as the Bakken recently joined an elite group of only ten oil fields in world history whose daily output exceeded one million barrels at peak production.When I read that last line, " ... the Bakken recently joined an elite group of only ten oil fields in world history whose daily output exceeded one million barrels at peak production" I am reminded that Snopes.com has never acknowledged their error on reporting the Bakken, and Jane Nielson's comment: " ... there's some oil in the Bakken, but not much." Or something to that effect.
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A most interesting book to re-read in light of the Ebola scare: DeFoe's A Journal of the Plague Year. The key: quarantine. My notes on the book here.
Neat graphic; however, the oil % adds up to 120%. I suppose that's why it's now $80 a barrel.
ReplyDeleteIn CT, I saw $3.18/gallon for regular unleaded; haven't seen that in a decade.
Of course, now the state budget will run askew as part of the gas tax is progressive.
Did you see the article where CT petroleum companies are suing the Department of Energy and Environmental Protection for letting natural gas distribution increase greatly without and environmental impact statement being done? I was left wondering what coal, nuclear and renewables thought about that! Next thought was how ironic the lawsuit is, as it's all coming from the same holes these days.
Just another flavor of stupid on the Road to New England; hope I-98 meanders through eventually.
1. With regard to US sources of oil adding up to 120%. I saw that also. I debated for about 48 hours whether to link the graphic knowing that folks would easily it. I decided to post it for the "general message." But it's why I linked the "Time" article. Multiple sources agree on the 60% (and more) domestic source percent. So the discrepancy is among the foreign imports; I was not interested in spending the time trying to figure out the discrepancy.
Delete2. Generally gasoline is $2.99 here in a suburb north of Dallas-Ft Worth (west of the DFW airport) but while riding my bike yesterday saw two stations with $2.79/gallon. I find it wonderful; it hurts my portfolio, of course, but it's a huge help for my extended family and a huge help for a lot of Americans.
3. And that article, "... for letting natural gas distribution increase greatly..." Wow. What a stretch. Probably the most regulated industry in the world. But if the CT courts want to force an embargo on US-produced natural gas, all the more power to them. Stupid is as stupid does or something to that effect.
Snopes has gotten several comments from me and acknowledged them. I don't need them to be pro-Bakken. And no worries with helping on the TRR versus OIP confusion. But as it is now, they convey some wrong impressions by citing the old USGS (doubled over a year ago) and by saying "less than half a million bpd".
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