Posted on Jul 12, 2018
u-s-poised-to-surpass-saudi-arabia-as-worlds-top-crude-oil-producer
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In March, the International Energy Agency made the same prediction, observing American oil production will soar over the next five years, supplying much of the world’s growing demand for oil.
U.S. production of crude oil, condensates, and natural gas liquids will rise to 17 million barrels a day by 2023, up from 13.2 million in 2017, according to IAE’s forecast. As a result, U.S. production will supply around 80 percent of the increased global supply of oil, which the IAE sees rising 6.4 million barrels per day to 107 million barrels a day.
U.S. production of crude oil, condensates, and natural gas liquids will rise to 17 million barrels a day by 2023, up from 13.2 million in 2017, according to IAE’s forecast. As a result, U.S. production will supply around 80 percent of the increased global supply of oil, which the IAE sees rising 6.4 million barrels per day to 107 million barrels a day.
u-s-poised-to-surpass-saudi-arabia-as-worlds-top-crude-oil-producer
Posted from breitbart.com
United States
Oil and Energy
Employment
Money
Family
Posted >1 y ago
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We have large quantities of energy it wasn't cost effective to mine/drill for before
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PO3 (Join to see)
SGT David A. 'Cowboy' Groth - Other countries do not have the EPA, HAZMAT, OSHA and many other regulations to follow. This delivers more cost for the United States producers.
I'm not saying lets make a mess and have unsafe work environments.
But this is why.
I'm not saying lets make a mess and have unsafe work environments.
But this is why.
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