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U.S. crude oil production rising faster than expected, to test record highs by 2016
globeandmail ^
| Dec. 16 2013, 4:07 PM EST
| SABINA ZAWADZKI
Posted on 12/16/2013 3:47:31 PM PST by ckilmer
U.S. crude oil production will rise faster than expected to a near historic high by 2016, according to the Energy Information Administration (EIA), which sharply raised its annual output forecasts on Monday due to the breakneck speed of shale oil development.
(Excerpt) Read more at theglobeandmail.com ...
TOPICS: Business/Economy; Canada; Mexico
KEYWORDS: canada; fracking; frackinggas; frackingoil; mexico; oil; opec; shaleoil
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To: ckilmer
Good info and input; thanks for sharing.
21
posted on
12/16/2013 5:09:22 PM PST
by
onona
(The Earth is the insane asylum for the universe (yup, I belong))
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
22
posted on
12/16/2013 6:39:16 PM PST
by
SunkenCiv
(http://www.freerepublic.com/~mestamachine/)
To: ckilmer
Expansive oil development. Brought to you by, high oil prices.
It is amazing how efficiently the free market works when you just leave it alone. Commie Libs hoped to see $10 per gallon gas to force us out of our cars. Little did they know or understand that $4 per gallon gas was just the impetus to make shale development viable.
Commie Libs are so stupid. They will never understand the underlying realities of life, like thing gun prohibitions reduce gun violence. So stupid, Libs.
23
posted on
12/16/2013 9:39:11 PM PST
by
Freedom_Is_Not_Free
(Free goodies for all -- Freedom for none.)
To: onona
Refinery capacity in the toilet. The US already refines more crude oil than we use ourselves.
24
posted on
12/17/2013 4:47:13 AM PST
by
thackney
(life is fragile, handle with prayer)
To: ROCKLOBSTER
We need more refineries and a similar ban on the export of finished product. How do you think that would work? We already refine more product than we use ourselves. You want a private company to spend billions of dollars to build another refinery while you want to restrict them from selling the product?
25
posted on
12/17/2013 4:48:57 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
OK then, we don’t need more refineries, except for backup when one goes out of service.
26
posted on
12/17/2013 3:13:44 PM PST
by
ROCKLOBSTER
(Celebrate "Republicans Freed the Slaves" Month.)
To: ckilmer
in places like the baaken, the price of oil at the well head is only about 74 dollars a barrel so its still cost effective to ship the oil by rail to the east & west coast refineries. They have refinery capacity in Wyoming, why don't they expand that and build pipelines from there to ND and MT?
27
posted on
12/17/2013 3:26:44 PM PST
by
ROCKLOBSTER
(Celebrate "Republicans Freed the Slaves" Month.)
To: thackney
You want a private company to spend billions of dollars to build another refinery while you want to restrict them from selling the product? Actually I don't care about restricting them so much as requiring them to charge the foreigners twice as much as Americans for transportation fuels.
Same with pharmaceuticals.
28
posted on
12/17/2013 3:33:43 PM PST
by
ROCKLOBSTER
(Celebrate "Republicans Freed the Slaves" Month.)
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