Ah, heck! Just Keep Rubbing It In, Already!

You may be getting tired of hearing it but the U.S. shale oil industry just keeps playing the hits. They get more efficient and economical over time. In the last five years they've become the swing player in global oil prices and soon they'll be the dominant player.

This chart compares U.S. oil fields and their productivity and the article at this link goes into more detail about how we soon will be the driver of world oil pricing. Our ability to bring production on-line and take it off-line quickly as demand waxes and wanes will be the key.

I don't know about you but I feel like hugging a fracker.