Our industry bails America out again in spite of the liberal's hate and stupid avalanche of regs during Obama!
U.S. oil industry set to break record, upend global trade...
HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo
And this new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world’s top producer.
The economic and political impacts of soaring U.S. output are breathtaking, cutting the nation’s oil imports by a fifth over a decade, providing high-paying jobs in rural communities and lowering consumer prices for domestic gasoline by 37 percent from a 2008 peak.
Fears of dire energy shortages that gripped the country in the 1970s have been replaced by a presidential policy of global “energy dominance.”
The industry is smoking with the Libs and their asinine regulations out of the way.
U.S. Oil Production Tops 10 Million Barrels A Day; First Time Since '70...
Just another FYI
Topics
Shale Powers US Oil Output To Heights Of 1970 U.S. oil production has returned to its record high point, 47 years after the previous peak during the final days of the last Texas oil boom
Industry Tells Trump 'War On Energy' Still Being Fought Following President Donald Trump's State of the Union address, industry leaders pressed for more action on pipelines, particularly in the Northeast, and a hard stop to renewable energy tax credits.
http://lp.hartenergy.com/index.php/e...OCtyTmlUIn0%3D
Perfect timing! "Drill baby drill!"
USA TO BECOME WORLD'S TOP OIL EXPORTER...
No and never! Liberals/Dems hate the O&G business with a passion.
GREAT AGAIN: USA Now Largest Global Crude Oil Producer...
GREAT AGAIN: USA Now Largest Global Crude Oil Producer...