U.S. on its way to be world’s largest oil producer

in #economicdevelopment • 6 years ago

The U.S. has been cranking out more than 10 million barrels of oil daily since February and the demand is only getting bigger.

The 2017 daily average is 10.79 barrels crude which tops the 1970 record of 9.6 BBL/day and projections for 2018 are looking good as well.

“The Energy Information Administration sees U.S. crude output averaging 11.8 million barrels a day in 2019, up from its 11.76 million barrel a day estimate in the June outlook,” according to a recent report out of Bloomberg.

The boom should strengthen the economy.

Oil production.jpg

#GIS #MAGA #MakeAmericaGreatAgain #OilAndGas #EnergyIndustry #Energy

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https://www.intellihub.com/u-s-on-its-way-to-be-worlds-largest-oil-producer/

#economy #economics #energy #gis
6 years ago in #economicdevelopment by
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     6 years ago (edited)

    Good information to consider - thanks for the post!
    Upvoted, followed and commented, please do the same to help grow the steemit community ;)

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