Saturday, August 23, 2014

23/8/2014: Two charts: US Oil

Two charts for trend spotting:

First one shows US production of oil from 1983 through today:

This shows the reversal of the 45% decline in oil output suffered from 1984-1986 through 2008 in just a few years (2009-present).

The second one maps development of oil pipelines network in the US to match this expansion of production and re-orient infrastructure toward exports:

That's shale & sands impact in just two charts...
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