Several days ago OPEC, the Organisation of the Petroleum Exporting Countries, announced a cut in production to raise the price of oil. This was big news because Saudi Arabia and others had kept the price low in an attempt to undercut the nascent American shale oil and gas industry. Well…that didn’t work.
In this article from Bloomberg, you can see how the United States could be positioned to become an energy superpower. But, they also lay out the various snags and pitfalls that could dim that outlook. This map from the article details the destinations thus far of America’s natural gas, in liquefied state.
Credit for the piece goes the Bloomberg graphics department.
North Dakota’s economy has been booming because of shale oil. Most of that economic growth has been centred on what was the small city of Williston, North Dakota. Economic growth often leads to population growth, however, and that can at times lead to growth in less than wholesome economic activities. The National Journal took a look at the population growth in the area and what has been happening concurrently in a few metrics of the less wholesome sectors of the economy, i.e. drugs and prostitution. Turns out, they are both up.
Credit for the piece goes to Clare Foran and Stephanie Stamm.