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Hail Shale
Fracking Makes History

The graph above gives some useful perspective to the U.S. shale boom. Sourced from the Energy Information Administration’s Petroleum Supply Monthly, it places the recent uptick in American field production of crude oil and lease condensates in a historical context, and in so doing makes fracking’s feats even more impressive.

The shale energy revolution has been unprecedented, both in the speed in which it has transformed our country’s energy outlook and in the overwhelmingly positive impact it’s had on production numbers. Pessimists might point to declining global oil prices as a potential needle to burst this bubble, but producers are already working on ways to tap these unconventional reserves more efficiently. Production is at its highest level since 1986, and we haven’t yet found the limits of shale’s potential. Frack, baby, frack.

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  • Josephbleau

    Don’t indulge in schadenfreude my mother told me to never make the customer feel uncomfortable.

  • Jacksonian_Libertarian

    “The Trend is Your Friend” we must assume this nearly straight line up in production will continue until it stops being a straight line. What is clear is that production costs for fracking are falling at about $10 a barrel per year, and that will have to eventually end.

    • FriendlyGoat

      Howard J. Ruff once said “A trend in motion will remain in motion until it ends.”

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