US Crude Oil Production

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  • Post category:Energy

This is a striking view of the increased oil production in the US since the 2008 financial crisis.

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Source: Trading Economics

This is a view of Texas employment in Oil and Gas extraction payrolls over the same period.

texas.employ
Source: St. Louis Fed

And for effect, the prices of WTI and NatGas, each virtually cut in half in 2014.

oil.gas

Energy independence is a good thing, but this growing industry is about to get corrected badly (says Captain Obvious).

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Gary

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