The shale revolution of the past 15 years has made the U.S. the world’s top oil producer and also transformed the country from a top importer to a major exporter after Washington ended a 40-year ban on foreign shipments. Higher liquidity has helped ease the volatility of the benchmark, making the market more stable despite conflict in the Middle East, attacks on shipping in the Red Sea and continuing disruption to oil trade caused by sanctions on Moscow.
[August 25 2023 Saudi oil production moves yield U.S. shale oil increase ]
To checkmate the Saudi and Russian coordinated moves, Washington needed to work on several fronts. This included raising shale output. The US shale output has now risen to a record 12.8 million barrels per day (bpd), up from a previous forecast of 12.6m bpd. Last year, the US output averaged only about 11.9m bpd.
Publishing on the Web is a fairly iterative process. ...NYT The problem is that everyone has a different heroic truth-teller, because we’re all preoccupied by different bullshit. William Davies, Guardian ...Not too long ago, reporters were the guardians of scarce facts delivered at an appointed time to a passive audience. Today we are the managers of an overabundance of information and content, discovered, verified and delivered in partnership with active communities. summer 2012 issue of Nieman Reports from Harvard,
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THE FIX by Chris Cillizza, WAPO blogger, quoting Matt Drudge: “We have entered an era vibrating with the din of small voices,” he said in the speech. “Every citizen can be a reporter.” Later, he added: “The Net gives as much voice to a 13 year old computer geek like me as to a CEO or Speaker of the House. "
Martin Gurri
I’m not quite that pessimistic. You can find all kinds of wonderful stuff being written about practically every aspect of society today by people who are seeing things clearly and sanely. But yeah, they’re surrounded by a mountain of viral crap. And yet we’re in the early days of this transformation. We have no idea how this is going to play out.
Crescent Shift 