But then again, they voted in the Socialists. Hey, free stuff!
North Dakota continues its historic rise in crude oil production. The sparsely populated midwestern state churned out 1.27 million barrels a day in July, according to data reported by Bloomberg. This is approximately the same level of production seen in Venezuela during the same month.
The numbers provide a snapshot of how much the industry landscape has evolved in the two places.
Much like other regions in the United States, North Dakota has experienced a shale oil boom in recent years. The advent of hydraulic fracturing has allowed North Dakota — home of the Bakken shale play — to produce oil at rates four times greater than its previous peak set in the 1980s. The state is now second only to Texas in oil production and enjoys the lowest unemployment rate in the country.
Barack wanted to stop fracking. President Trump says, "drill baby, drill!!"
ReplyDeleteOne of the things that I find amusing is the fact that Marxism is the
ReplyDeleteshortest path to economic ruin. I have a 100 trillion dollar Zimbabwean
bank note that could not buy a pack of bubblegum. I read an article in
a cigar magazine that stated that Fidel Castro managed to f*&k up the
Cuban cigar industry. In an article on his visit to Nicagrua PJ O'Rourke
was commenting on the value of their currency. He stated that one had
to study economics at the Patrice Mumumba University in Moscow two or
three times to make currency worth this little.
I worked shutdowns in the Wilmington Champlain refinery (later named UPRC)
long before the Venezuelans bought it. When the end comes, the refinery
will be back in American hands!