Sunday, April 28, 2019

US Oil Production Has Doubled in Less Than a Decade

 US oil production has doubled in less than 10 years:

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2 comments:

Anonymous said...

I believe the rate of oil production increase is similar or even higher than Saudi Arabia when it grew the fastest (initial growths, not resumption of withheld production during cartel actions).

My google-fu is a little weak now, so not finding the source, exact statistics.

Anonymous said...

This post from 2008 shows ASPO-US predicting we would be at ~1 B bbl/year as of this year. Instead, we are at well over 4.

https://davidappell.blogspot.com/2008/07/us-oil-production.html

Looks like the "best case" didn't encompass enough range of possibilities...