US Oil Production is at 15-Year Highs, But Who Built That?

As President Obama has made a point of this election season, during his term US oil production has increased from what was considered a terminal decline just a few short years ago. (See my† previous article on the subject.) At the second presidential debate Mr. Obama stated: “We have increased oil production to the highest levels in 16 years. Natural …

Energy in the 2012 Elections

With the 2012 federal elections looming, the two parties are vying for voters. In Colorado this week, President Obama was promising an extension of the George H.W. Bush Administration’s tax credit to corporations who participate in the generation of power from wind stating, †At a moment when home-grown energy, renewable energy, is creating new jobs in Colorado and Iowa, my …

The Shale Revolution: Fueling U.S. Productivity

In Fracing Amazing: The Story of the Eagle Ford Shale, I explained how innovations in horizontal drilling and hydraulic fracturing of once-useless source rock unlocked the Eagle Ford Shale formation. Here are some other developments in the growing Shale Revolution in oil and gas production. Natural gas production is so prolific that the price of this clean form of energy …