A news rare found in media. Because that's against the speculators's will. They want make the price high. This kind of news will appear in media after war on Iran. At that time, they want you believe the low oil price is reasonable - though it starts three years ago.


Shale Boom in Texas Could Increase U.S. Oil Output

May 27, 2011
CATARINA, Tex. ??

The Texas field, known as the Eagle Ford, is just one of about 20 new onshore oil fields that advocates say could collectively increase the nation??s oil output by 25 percent within a decade ?? without the dangers of drilling in the deep waters of the Gulf of Mexico or the delicate coastal areas off Alaska.

The Eagle Ford, where the first well was drilled only three years ago, is already producing more than 100,000 barrels a day and could reach 420,000 by 2015, almost as much as Ecuador, according to Bentek Energy, a consultancy.

http://www.nytimes.com/2011/05/28/bu...hale.html?_r=2