Carpe Diem has two graphs that give a visual on how much the energy field has changed in a very short time.
Check out the first one – More on the spectacular rise in Texas oil production — maybe the most remarkable energy success stories in US history
The smoothed red lines are amazing. Slow decline in production from 1985 to about 2003. Flat production until about 2011. Then a space shuttle imitation. Almost, but not quite straight up for the last two years or so. Since 2010 or 2011, production in Texas has soared back to 1985 levels.
Now look at the second graph. The article title tells the story: No. 1 US produced more petroleum in March than: a) Saudi Arabia, and b) Europe, Central and South America combined.
Continue reading “2 graphs that show how dramatically oil production has increased in the U.S.”