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Wednesday, June 13, 2012

Oil Stats

California Bob reports:
Interesting oil stats: US pumps 25% more oil than it did 4 years ago (thanks to fracking?); US has reduced oil imports from 60% to 42% over the past decade; North Dakota over past couple years has leapfrogged California and Alaska to become 2nd largest producing state -- no doubt an economic boom has happened there....
He attached a link to a Yahoo! news story: Relief At The Pump Hinges on Iran (Beware: video starts playing automatically.)

I responded with a local story that places the blame squarely on those Yahoo!s in California, like Bob:
Oregon, Washington gas prices continue to fall as report raises suspicions of market rigging

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