Wednesday, December 9, 2015

This is a Key Reason Oil Prices Collapsed: The Bakken Oil Boom

Notes the Minneapolis Fed: The Bakken oil boom dwarfs previous oil production expansions in Montana and North Dakota.

The Boom in Oil Production

This played a significant role  in the collapse in oil prices and the collapse in new drilling:



  1. Weren't we supposed to run out of oil?

  2. Only as long as the HypocRATS prevent the drilling for oil in the US!!