The media has been focused on North Dakota as “A Modern-Day Gold Rush,” but the U.S. Energy Information Administration (EIA) just published a report that over half of America’s oil boom is all about Texas.  Over the last six years, North Dakota’s production did grow by a stunning 600% and allowed the state to become America’s second largest state producer, but that growth was from a very low starting base.  It is Texas that is leading the boom by doubling its already large production level to become even more dominant today. America oil production since 2008 is up by about 60% to 7.4 million barrels a day, equal to 2.7 billion barrels a year.  Texas, North Dakota, California, Alaska, Oklahoma, and the Gulf of Mexico currently supply 6 million, 80%, of those barrels per day of crude oil.  But Texas alone now provided almost 35%, according the EIA’s 2013 March Petroleum Supply Monthly. North Dakota was second with 12% of...(Read Full Post)