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  Topic: Oil production to grow
at fastest rate ever
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Oil production to grow
at fastest rate ever

Houston Chronicle, by Zain Shauk

Original Article

Posted By:Dreadnought, 1/8/2013 8:23:01 PM

Driven by the shale boom, the United States in 2014 will hit its highest daily oil production level since 1988 and will grow oil output at the highest rate ever, the U.S. Energy Information Administration predicted Tuesday. U.S. daily oil production, which averaged 6.4 million barrels a day in 2012, will surge 23 percent to average 7.9 million barrels a day in 2014, the administration said. The daily production rate will jump 900,000 barrels between 2012 and 2013, a record for growth in a single year, EIA Administrator Adam Sieminski said in a conference call with reporters.

      


Post Reply  

Reply 1 - Posted by: oh-heck, 1/8/2013 9:47:36 PM     (No. 9106085)

The numbers reported are the average for the year. Better representation is the production rate reported for October which already was 6.85 million bpd. By the time they tally the numbers for December, production will have passed 7 million bpd. People who rely on EIA numbers find they have don´t have enough pipeline capacity to take away all the oil and natural gas produced.

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Reply 2 - Posted by: NYbob, 1/8/2013 10:09:27 PM     (No. 9106107)

All thanks to our Energy Department. With all the natural gas and domestic oil finds how come we are still paying over $3.50 per gallon? Oh, I forgot, dem President. With them the glass is half full and rising according to the demonic media shills.

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Reply 3 - Posted by: Crosscut, 1/8/2013 10:43:27 PM     (No. 9106137)

Good god, keep this information away from Obama and Washington Democrats!

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Reply 4 - Posted by: kanphil, 1/8/2013 10:56:35 PM     (No. 9106150)

"All thanks to our Energy Department"? Hardly. Almost all this new production is from private lands and is thus beyond the immediate reach of the Feds. In fact, the D of E is hard at work trying to legislate against fracking. If they are successful, the boom will be over.

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Reply 5 - Posted by: Grant Hodges, 1/8/2013 11:10:48 PM     (No. 9106174)

"Demonic" is an appropriate word. There really isn´t a sane reason to oppose the oil/gas revolution. There are only criminal reasons.

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Reply 6 - Posted by: Jiobaobubai, 1/8/2013 11:22:38 PM     (No. 9106190)

If they are still in business, the extortion fees must be astronomical.

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Reply 7 - Posted by: Grambo, 1/9/2013 3:39:37 AM     (No. 9106340)

Now, that news will really have Obama´s panties in a knot.

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Reply 8 - Posted by: nonsense, 1/9/2013 10:38:22 AM     (No. 9106831)

The EPA is working 24/7 to find a way to shut down any economic "boom" for America. Another radical eco-nazi will be stepping up to take Lisa Jackson´s place. Plotting even more nefarious dealings for the future.

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