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To: Dennis Roth who wrote (179539)7/17/2013 3:58:47 PM
From: Dennis Roth1 Recommendation

Recommended By
dvdw©

  Read Replies (1) | Respond to of 206114
 
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...



To: Dennis Roth who wrote (179539)8/2/2013 3:14:53 PM
From: Dennis Roth  Respond to of 206114
 
The exponential rise in ‘Saudi Texas’s’ oil output continues – production has doubled in only 27 months!
Mark J. Perry | July 31, 2013, 7:43 pm
aei-ideas.org

The Energy Information Administration (EIA) released new US crude oil production data yesterday for the month of May by state, and one of the highlights of the monthly update is that oil output in America’s No. 1 oil-producing state – Texas – continues its phenomenal, meteoric rise. [snip] more at link

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Ho Hum, another record month.