Monday, October 27, 2014
"Charts and maps of America’s Amazing Shale Oil Revolution; and the new ‘Big Three’..."
Considering world events, this is a big deal.
Oh, and have you noticed the price of gas?...
Oh, and have you noticed the price of gas?...
PRE-LINK TEXT Mark J. Perry has the story and information at AEI-Ideas.com:
"The chart above displays rig count data from Baker-Hughes and shows the increased share of horizontal drilling that was largely responsible for the dramatic increases in US shale oil production that started around 2008. From less than a 10% share a decade ago, horizontal drilling now accounts for more than two-thirds of US oil rigs today.
Without the 'technological marvel' of horizontal drilling, we would have never seen the dramatic increases in US oil production over the last six years, and the chart above helps to explain why the shale oil boom started in about 2008 – that’s when horizontal drilling started revolutionizing US oil production."
