Article

2018-01-10 Economy

US oil output to hit record over 11M bpd by end of 2019, EIA

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Posted by g(r)omgoru 2018-01-10 03:42|| || Front Page|| [11130 views ] Top

#1 So what's our annual usage?.

Posted by Harcourt Angoluting9366 2018-01-10 08:07|| 2018-01-10 08:07|| Front Page Top

#2 Theoretically, our production exceeds our consumption and so we are a net exporter...right now we are ahead of KSA as the largest exporter of oil in the world...and we keep driving down oil prices as we get better at wringing oil out of those shale and tar sand deposits. Hence, the mass purge of dilettantes in the KSA royalty as they are having trouble meeting their budget goals with current oil prices.

Posted by Sock Puppet of Doom 2018-01-10 09:13|| 2018-01-10 09:13|| Front Page Top

#3 The best revenge is being successful.

Posted by Roth LaDoad 2018-01-10 10:29|| 2018-01-10 10:29|| Front Page Top

#4 harcourt,

current annual consumption is about 20 million bpd

about 65% of this is for gasoline, diesel for trucks and jet fuel

the US energy info administration keeps the numbers

https://www.eia.gov/outlooks/steo/report/us_oil.php

Posted by lord garth 2018-01-10 11:13|| 2018-01-10 11:13|| Front Page Top

#5 Well, a lot of that growth took place under Obama.

Riiiiight. Even Mitt called him on that fib. The growth took place in spite of Obama.

Thank you free enterprise. Well, relatively free enterprise.

Posted by Bobby 2018-01-10 16:16|| 2018-01-10 16:16|| Front Page Top

#6 The United States produces 25% of the world's GDP with only 5% of the population. We have the world's most efficient economy by far. However I think that is racist or something.

Posted by Creling Pelosi3622 2018-01-10 18:38|| 2018-01-10 18:38|| Front Page Top

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