{"id":1209,"date":"2012-11-09T13:10:11","date_gmt":"2012-11-09T18:10:11","guid":{"rendered":"https:\/\/alexprudhomme.com\/?p=1209"},"modified":"2012-11-09T13:10:11","modified_gmt":"2012-11-09T18:10:11","slug":"u-s-oil-production-headed-for-20-year-high","status":"publish","type":"post","link":"https:\/\/alexprudhomme.com\/2012\/11\/09\/u-s-oil-production-headed-for-20-year-high\/","title":{"rendered":"U.S. oil production headed for 20-year high"},"content":{"rendered":"
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My question: given this, do we really need to drill in the Arctic, and “ultra-deep” in the Gulf of Mexico, right now?<\/div>\n
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\u00a0U.S. oil production headed for 20-year high<\/div>\n<\/div>\n<\/div>\n
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By\u00a0Philip Bump<\/a>
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As predicted, oil production in the United States\u00a0hit its highest level since 1994<\/a>. Production is on pace to have its highest year since 1991.
\nFrom\u00a0Bloomberg<\/a>:<\/p>\n

Output swelled by 8,000 barrels to 6.68 million barrels a day in the week ended Nov. 2, the Energy Department reported today. It was the most since Dec. 23, 1994. Improvements in horizontal drilling and hydraulic fracturing, or fracking, have unlocked fuel trapped in deep underground rock formations in states such as North Dakota, Texas and Oklahoma.<\/p><\/blockquote>\n

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EIA<\/a><\/figcaption>
Oil production since the 1920s, in case you were wondering. Click to embiggen.<\/figcaption><\/figure>\n

Basically everything the president\u2019s opponents said on the campaign trail about his energy policy was wrong. And by \u201cwrong,\u201d I mean, \u201cthe election is over so who cares anymore.\u201d<\/p>\n

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Source<\/h3>\n<\/div>\n
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