Title : 49 Years Later, The US Sets A Crude Oil Production Milestone -- 11 Million BOPD -- July 19, 2018
link : 49 Years Later, The US Sets A Crude Oil Production Milestone -- 11 Million BOPD -- July 19, 2018
49 Years Later, The US Sets A Crude Oil Production Milestone -- 11 Million BOPD -- July 19, 2018
JFK: "I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the earth." -- source, May 25, 1961.Neil Armstrong becomes the first man to step on the moon -- July 20, 1969.
Almost to the day, 49 years later, the US set another milestone: for the first time ever, the US produced 11 million bopd.
In July, 1969, when Armstrong was bouncing on the moon, the US was producing 9.295 million bopd -- source.
Between 1969 and 2018, the low point seems to have been 3.971 million bbls in September, 2008.
In ten years the US has gone from less than 4 million bopd to more than 11 million bopd, and is exporting 3 million bopd (because it's the wrong kind of oil).
And that milestone, despite a takeaway capacity issue in the biggest play in the US right now, the Permian.
Thus Article 49 Years Later, The US Sets A Crude Oil Production Milestone -- 11 Million BOPD -- July 19, 2018
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