Spicks And Specks; Some Memorial Day Weekend Reading -- May 28, 2016

Some folks have memories like a steel trap or memories like an elephant, as they say.

I don't.

When I look at this graph, I am blown away by two things:

• the 2009 - 2010 spike; and, 
• the remarkable decline after 2010.

I think I understand the reason for the decline after 2009 (well, duh -- it's called a) shale; b) stagnating global demand), but I look at the 2009 - 2010 spike and ask, "Why?"

This is where google took me:

• The causes and consequences of the oil shock of 2007 - 2008
• 2000s energy crisis -- wiki 
• Analysis: 2009 top discoveries, Rigzone
• Oil and gas companies increased reserves, revenue in 2010, Fuel Fix
• Spend with caution: the post-recession oil and gas industry

Additional links added later, from readers:

• how low oil prices are easing the glut