Saturday, June 29, 2019

U.S. Oil Output Tops A Record 12 Million Barrels A Day


Bloomberg: U.S. Oil Output Tops 12 Million Barrels a Day for First Time

(Bloomberg) -- U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats.

A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a day. Booming shale production from places like the Permian basin of West Texas have enabled U.S. oil output to overtake Saudi Arabia and Russia.

At the same time, trade disputes and escalating tensions in the Persian Gulf have clouded the outlook for the Organization of Petroleum Exporting Countries, which is expected to extend current output cuts next week.

Read more ....

WNU Editor:Who thought this was possible only a few years ago.

32 comments:

Anonymous said...

When you remove all regulatory constraints on a polluting extractive business anything is possible. Likely you have not left lovely Quebec to experience the results in these areas of extraction. Visibility is often very low, often looking like dusk even on brilliant clear days. Your nose runs and you cough a lot. Health outcomes are poor and chronic diseases are high vs. Pre deregulation. In short, these areas stink. Having seen the environmental and human health impacts costs of this success I am less then impressed for the people who live under these conditions. However, looking at it from your cowboy capitalist view point it is a tremendous success.

Lucky that you do not have to personally live in it to share in the success.

Anonymous said...

Who thought it? Frackers out in the sticks of North Dakota and Texas. US govt was last to find out.

Anonymous said...

Anon, I call bullsheet on your sob story. EPA would be all over that and media would show it. You just lied.

Anonymous said...

If you guys ever leave your mom's basements and actually see the world as it is you might think differently. I used to kick the crap out of EPA in court working for the majors when you guys were playing with your remote watching FOX.

USEPA sucks and does nothing these days. If it disappeared tomorrow morning things might get better.

Ignorance suits you. Leave the real work for folks who can.

Anonymous said...

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Anonymous said...

The oil independence is great. The money burn down by frackers is not so great.


The conservative position as espoused by Palin is all the above. That is oil, coal, hydro, nuclear, wind and solar.

The liberal position is wind and solar and raise electricity rates by a factor of 6 or more.

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Jeffsmith said...

Only seven million more a day. πŸ˜‚πŸ¦–

Andrew Jackson said...

I did!

Anonymous said...

Lefties in full outrage mode. Love it :D

Anonymous said...

righties drooling like morons non stop and tossing low iq vomit on comment sections non stop

Bob Huntley said...

...

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