The change in oil production in the last few years is astounding. For perspective, look at the following two charts by Prof. Mark Perry, from his Carpe Diem blog. Both graphs used with permission:
Oil production in Texas:
From The remarkable rise of Texas crude oil: The state produced nearly one billion barrels last year, and 34.5% of all US crude. Just under a billion barrels. That’s around a third of US production.
Oil production in North Dakota took off in 2008: Continue reading “The shale revolution. Or, what Peak Oil? #33”




