Title : US Breaks Yet Another Crude Oil Production Record -- June 1, 2018 -- Making America Great Again
link : US Breaks Yet Another Crude Oil Production Record -- June 1, 2018 -- Making America Great Again
US Breaks Yet Another Crude Oil Production Record -- June 1, 2018 -- Making America Great Again
The US hit an all-time crude oil production record.That record was touched on briefly yesterday by some news outlet. I looked for it this morning, but couldn't find it. A google search was not helpful (see below).
From the EIA:
It should be noted that back in the 1950s US crude oil production hit a peak and began its decades-long descent. The EIA graph only goes back to 1980 (or thereabouts) when US crude oil production was at another peak before it fell to its low in 2005 - 2008. And now US crude oil production is surging.
I guess that's another nail in the coffin of the Hubbert Peak Oil Theory.
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