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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (179539)7/17/2013 3:58:47 PM
From: Dennis Roth1 Recommendation

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U.S. shale oil could reach 5 million barrels per day by 2017
Jul 16, 2013, 2:13pm CDT bizjournals.com

Domestic shale oil production could shoot up to 5 million barrels per day by 2017, making the United States the top oil producing country in the world, according to a researcher at Harvard Kennedy School...

...That's much higher than the best scenario projected by the Energy Information Administration, which showed 10 million barrels per day between 2020 and 2040. The EIA reported production of all crude oil has already gone up from 5 million barrels per day in 2008 to 6.5 million barrels per day in 2012. For some perspective on just how proficient domestic drilling has become, Maugeri points out that the U.S. completed 45,468 oil and gas wells and put 28,354 of them into production. The rest of the world drilled 3,921 wells...
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