We Are Almost Energy Independent

Don’t believe the naysayers. Energy independence is almost here. The infographic is via Bloomberg Business Week who add: New drilling techniques unlocked vast reserves unreachable just a few years ago. Oil and natural gas production in the U.S. is increasing at its fastest rate in 50 years, while imports from OPEC have been cut by […]

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U.S. Oil Output to Overtake Saudi Arabia’s by 2020

Bloomberg: U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and putting it on track to become a net exporter, the International Energy Agency said. Growing supplies of crude extracted through new technology including hydraulic fracturing of underground rock formations will transform the

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The End of Peak Oil

Remember Peak Oil? That was the theory that at some point soon, we would reach the point at which the rate of petroleum prodution would begin to decline, never again to reach the high point of production. It seemed like a good theory, but according to The Boston Company Asset Management’s Global Natural Resources Team

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Energy Chart: Oil Production

Remember peak oil? Someone forgot to tell North Dakota and Texas. After producing a relatively inconsequential share of the nation’s crude oil for many years (fewer than 100,000 barrels per day and only 1.5% of total domestic output), North Dakota’s oil production took off about five years ago when advanced drilling techniques including hydraulic fracturing

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