Tuesday, April 9, 2019

U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970

Eli,

Tom Wicker in the NY Times, March 2, 1977.



Today's article from the EIA
U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970

 " EIA projects that U.S. crude oil production will continue to grow in 2019 and 2020, averaging 12.3 million b/d and 13.0 million b/d, respectively."

Our energy policy, including climate change, is based on a fallacious premise that oil and gas will become unavailable. The opposite is true as long as prices are allowed to clear.

Bill

PS. It's all due to hydraulic fracturing, one of the demons of the Left.


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