A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.
The Energy Information Administration now estimates output will top out at 14.53 million barrels a day in 2031, according to its Annual Energy Outlook released Thursday.
Why such a big difference? Near-term prices are higher than what the agency assumed last year, boosting the baseline production, according to the EIA.
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WNU Editor: One more reason why no one should trust experts.
2 comments:
EIA has been consistently wrong on all things oil and gas for 40 years. Listen the drillers to know what’s in the near term.
US oil output is the driver of [our] current economic boom. If the Dems get control of government, they will shut it down immediately.
Then blame Trump for the recession that THEY foster in.
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