“If Texas were a country,” writes Energy in Depth’s David Blackmon, “it would be the third largest natural gas-producing nation on Earth, and the 13th largest oil producer.” Over the last two years, domestic oil production is up 34%, after suffering through decades of declining output. Make no mistake, folks. This trend could be the single most important factor contributing to America’s economic success in the coming decades. In related oil industry news, The Oil Drum, a website created by Peak Oil advocates, is ceasing operations. Coincidence? Not a chance!
Posted on: Sat, 13 Jul 2013 11:48:08 +0000