American Oil Boom Continues Its Surge [GRAPH]

This post first appeared on Floating Path

America’s strength in energy production has reawakened in the past few years thanks mainly to hydraulic fracturing. With the country now producing enough to satisfy 88% of domestic demand (the highest since 1986), pipelines and railways have been scrambling to transport crude across the continent.

The CME Group recently published the graphic below detailing just how mighty the U.S. has once again become in crude oil production. In addition to the obvious production gains, they highlighted Union Pacific’s plan to invest $3.65 billion in its infrastructure to help transport crude oil as affirmation that the oil boom is here and will remain for some time.

…the Seaway pipeline looping will double capacity from 400,000 barrels per day to 800,000 barrels per day and the southern leg of the Keystone pipeline is scheduled for completion, adding an additional 600,000 barrels per day. This will mean an extra one million barrels per day flowing out of Cushing, Oklahoma to the Gulf of Mexico.

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Housing MarketThe Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More

Oil Boom