The United States is on track to beat its previous peak production of oil, natural gas and natural gas liquids, according to an analysis by consulting firm PFC Energy.
The analysis projects that the United States will become the world’s top producer of those fossil fuels by 2020. Though Saudi Arabia will continue surpass it in oil production, the United States’ booming shale gas business will make it the global leader in well-borne fossil fuels, according to PFC Energy.
Domestic energy production has declined since the early 1970s, when the United States peaked at about 22 million barrels of oil, natural gas and natural gas liquids per year, the analysis noted. About 45 percent of the product was oil and 43 percent was natural gas.
The United States is poised to hit 22 million barrels of oil equivalent again in 2020. _FuelFix
My firm belief is peak oil will only come into consideration when the education and science into extraction techniques has peaked and that will not happen in the foreseeable future. _OilVoice
The significant new oil find in Colorado, seen in the image at left, is just one small drop in a very large bucket of new oil & gas finds across the continental US. Even under the burden of US President Obama's energy starvation agenda, US oil & gas producers are finding a way to push back against political corruption and the anti-energy bias of the modern green Luddite movement.
Anadarko Petroleum Corp. said that land it controls in northern Colorado may hold more than a billion barrels of recoverable oil and natural gas, the latest sign that U.S. energy production is set to surge. _WSJ
With production of oil & gas surging from Texas to North Dakota to Louisiana to Pennsylvania -- and new discoveries coming to light on an almost daily basis -- the outlook for US onshore oil & gas is quite bright. Unless, of course, the green dieoff.orgy camp of energy starvationists -- so dominant within the Obama administration -- can manage to engineer a political shutdown of energy in the US.
Labels: peak oil, political peak energy