From the constantly observant Mark Perry:
New Mexico and its neighbors have begun to enjoy the shale oil boom.
EIA attributed the production increase to the application of horizontal drilling and hydraulic fracturing technology to low-permeability rocks to the growth in U.S. oil production. Enhanced oil recovery techniques such as carbon dioxide injection also are boosting production from conventional reservoirs.
So, what is it, peak oil or peak idiocy? Take your pick.
One Reply to “Some Good News for Oil Production”
Free markets work every time. A free market is simply an example of a free mind allowed to work without government interference. Too bad the MSM can’t see the broader implication of free speech/free minds.