Since 2010, U.S. oil production has increased by 131 percent, with huge gains in oil production in the following states (among others):I'll stop here for now, but this is one of the reasons I love to blog. We talked about the Monterey Shale many years ago and predicted that California would not participate in the shale revolution for two reasons: geology and politics. Right on both accounts.
• North Dakota – up 634 percentIn fact, only three major oil-producing states have seen a decline in oil production since 2010: California, Louisiana, and Alaska. One of the graphics I created for my presentation shows the stark contrast between oil production in Texas and California as the shale boom unfolded.
• Colorado – up 508 percent
• New Mexico – up 377 percent
• Texas – up 330 percent
• Oklahoma – up 238 percent
California is missing the shale boom.
Had California successfully participated in the shale boom, it's very like Californians would be paying $1.99/gallon vs the $5.00/gallon they now pay (yes, a bit of hyperbole -- but this is a blog, not a fake news media outlet.)
The article at the link is a "keeper."
I'll be off the net for awhile. Going to H Mart in Plano to pick up some chicken paws.
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For Your Love
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