Post Profile

U.S. oil production tops 10 million barrels a day for first time since 1970

U.S. crude oil production broke 10 million barrels a day in November for the first time since production peaked in 1970, at the start of a decades long decline.        
read more


Related Posts

Has the United States beaten peak oil? Not so fast.

Business & Finance : Ezra Klein

In the last five years, the notion of “peak oil” has gained in popularity. U.S. oil production has declined sharply since 1970. Global oil output has plateaued of late, even as China and India are demanding ever more crude — which h...

Oil prices just fell by 3% during another crazy month

Business & Finance : Business Pundit

Oil prices declined by more than 3% on Monday, falling below $37 a barrel. The decline occurred after crude managed to top $38 per barrel on Thursday. Crude started the month above $41. Oil is down over 11% on the month as productio...

Oil Slips On Saudi Record Production Promise, Specs Pile In But Blackstone Skeptical

Business & Finance : Zero Hedge

For the 2nd day in a row, WTI crude prices are falling (back below $55) after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per d...

U.S. Oil Production Fell 150,000 Barrels Per Day In May

Business & Finance : Forbes: Business

U.S. crude oil production fell 150,000 barrels per day in May and the global over-supply of liquids was680,000 barrels per day. The EIA Short-Term Energy Outlook (STEO) posted on June 7 showed that U.S. oil production declined by th...

US Oil Production Hit A 21-Year High

Business & Finance : Business Insider: Clusterstock

According to new data out of the Energy Information Association, U.S. crude oil production topped 7 million barrels per day during the November and December 2012 period. From the EIA: Increasing oil production in North Dakota and on...


Copyright © 2016 Regator, LLC