Ten years ago I would have said that these figures are wildly inflated and nowhere near reality, and do not represent economically recoverable reserves.
I’m not saying that today.
Ten years ago I would have said that these figures are wildly inflated and nowhere near reality, and do not represent economically recoverable reserves.
I’m not saying that today.
...........
From looking at old production numbers going back decades and correlating them with other parts of the USA econonmic and political activity...I think that a lot of the vigor went out of the USA when oil production peaked in 1970. What most people don’t realize is that oil production had been going up almost steadily since before the turn of the century.
Anyhow that vigor is returning.