Let’s talk round numbers. Half a million barrels of oil a day from each of two new fields, Bakken and Eagle Ford. Minimal production just a few years ago. I’m making a totally wild guess that production will double in the next year or less.
There’s an old game of If such-and-such was its own country, it would be the Xth largest in the world. For example, if California were its own country, only six European countries would be larger in population.
Let’s play that game with just the Bakken and Eagle Ford fields.
Continue reading “Putting the Bakken and Eagle Ford shale fields into perspective”