US On Track to Exceed Old Hydrocarbon Peak Production
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
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. _WSJWith 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
posted by al fin at
8:44 AM
2 Comments:
Will this be enough to meet our future energy needs though and avoid the collapse of industrial civilization or just make up for decling production as whats preported everwhere I read?
That won't be necessary.
Every new producing well does its small part. The individual contributions add up, and each takes some of the need for imports away.
There are a lot of things the US gov. could do to expand US energy production. Doing the exact opposite of everything Obama has been doing so far, would put the US well on the road to energy expansion.
The collapse of industry and "civilisation" is something that occurs on a regional basis. Look at the US rust belt. Look at what is happening in California as business flees the state. Look at much of western Europe and its aging, shrinking population. Look at Japan and its disappearing towns and villages from loss of population.
You have adopted a particular ideology of energy which tends to lead you into dead ends of thought. Well, you are not alone. If that is what you like, then relax and enjoy the downfall.
Otherwise, if you would like to be a problem-solver, get to it.
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