U.S. Oil Production Flat Over Past Four Years [View article]
The US produces roughly 5 to 6 million barrels of oil per day. It takes at least 6 month for the US to produce 1 billion barrels.
The claim that oil production was constant during the past 4 years is most likely also wrong. Since 1971, the US production declined at the average rate of 2% per year.
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The US produces roughly 5 to 6 million barrels of oil per day. It takes at least 6 month for the US to produce 1 billion barrels.
Jul 08 10:41 am
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All Comments by Robert Sczech »U.S. Oil Production Flat Over Past Four Years [View article]
The claim that oil production was constant during the past 4 years is most likely also wrong. Since 1971, the US production declined at the average rate of 2% per year.