Over at "Big Stories," I have a whole section on the US Energy Revolution. As China falters, the 21st century will be America's century. Had China not faltered, the race would have been between China and the US, but when all is said and done, the 21st century is going to be defined by access to dependable, affordable energy. One almost gets the feeling that the "jobs" that the US once lost to China are now moving back to the western hemisphere -- to Mexico.
The graph below is staggering. From 1 million bopd in 2008 to almost 6 million bopd now. This is not trivial.
This may take a few moments to load depending on numerous factors, an embedded EIA chart:
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