copious.abundance wrote:Notice the new peak is now higher than the previous peak of a couple years ago.
linky
U.S. oil production broke 10 million barrels a day for the first time in 48 years in November, according to new monthly data released by the government on Wednesday.
While U.S. production has been rising as prices rose, the 10 million barrel mark is an important milestone that reinforces America's place in the energy big leagues and also its aspiration to use its new oil dominance in diplomacy.
The U.S. last produced 10 million barrels a day in November, 1970, just when production peaked before a very long decline, according to U.S. Energy Department monthly data. Unlike 1970, U.S. oil production in 2018 is on an upswing, and U.S. shale and other producers are expected to add more than 1 million barrels a day this year alone for an average production rate government forecasts put at 10.3 million barrels a day.
copious.abundance wrote:US oil production tops 10 million barrels a day for first time since 1970U.S. oil production broke 10 million barrels a day for the first time in 48 years in November, according to new monthly data released by the government on Wednesday.
While U.S. production has been rising as prices rose, the 10 million barrel mark is an important milestone that reinforces America's place in the energy big leagues and also its aspiration to use its new oil dominance in diplomacy.
The U.S. last produced 10 million barrels a day in November, 1970, just when production peaked before a very long decline, according to U.S. Energy Department monthly data. Unlike 1970, U.S. oil production in 2018 is on an upswing, and U.S. shale and other producers are expected to add more than 1 million barrels a day this year alone for an average production rate government forecasts put at 10.3 million barrels a day.
Abundance aplenty.
copious.abundance wrote:US oil production tops 10 million barrels a day for first time since 1970U.S. oil production broke 10 million barrels a day for the first time in 48 years in November, according to new monthly data released by the government on Wednesday.
While U.S. production has been rising as prices rose, the 10 million barrel mark is an important milestone that reinforces America's place in the energy big leagues and also its aspiration to use its new oil dominance in diplomacy.
The U.S. last produced 10 million barrels a day in November, 1970, just when production peaked before a very long decline, according to U.S. Energy Department monthly data. Unlike 1970, U.S. oil production in 2018 is on an upswing, and U.S. shale and other producers are expected to add more than 1 million barrels a day this year alone for an average production rate government forecasts put at 10.3 million barrels a day.
Abundance aplenty.
rockdoc123 wrote:to further add uncertainty regarding time to first production many of the shale drillers are now drilling a fair number of wells prior to bringing in a frac crew. "zipper" fracs are quite common now as a means of improving overall production and waiting until there are a number of wells to frac before moving in the crew lowers overall operating costs. It isn't unusual for wells to sit for a couple of months prior to the frac crew coming in.
....In the meantime, one third of gas and oil production in the United States is a shale.And the bid consumer of energy is not only content to be independent, the country is now even an exporter of energy.
"Can the USA run on internally produced energy alone ?"
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