Frack Attack
It’s Good to Be Shale King
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  • lukelea

    Here is some good background:

  • PKCasimir

    650,000 barrels a day from the world minus the US is a pittance. North Dakota just surpassed one million barrels per day.

  • Jacksonian_Libertarian

    I don’t trust the IEA or the American EIA which has consistently and vastly under estimated future shale oil production in the US, and is likely to continue this behavior. 650,000 barrels a day 5 years from now out of a total worldwide production of 80 million barrels a day is pitiful at less than 1%. And I think it is optimistic to expect the government monopoly run oil industries in Russia, China, Latin America, etc… to produce the boosts in production that the free market is responsible for in the US.

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