Impending Record U.S. Crude Oil Production

Discussion in 'Environmental Discussion' started by iplug, Jan 29, 2018.

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  1. tochatihu

    tochatihu Senior Member

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    Strategic Petroleum Reserve apparently now holds 695 out of 727 million barrel capacity. Which is either >95% full, or with space for 32 million barrels more. Depends on how one wishes to view it.

    SPR FAQ also says it was filled at an average price <$30 per barrel. Which one could not shop for currently.

    As current net imports are about zero (post #100), it makes sense not to top off the tank. So my sarcasm @94 seems unfounded. Regret any inconvenience caused. Carry on.
     
    #101 tochatihu, May 25, 2019
  2. iplug

    iplug Senior Member

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    U.S. hit a peak of 13.1 million barrels per day of crude oil production in recent weeks. That looks to be the record for the foreseeable future. If the SA/Russia output war goes on long enough, that would likely become permanent record.
     
    #102 iplug, Mar 15, 2020
  3. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Wait for it, wait for it.

    USA subsidies oil production to spank Russia and Saudi Arabia . . . oops I forgot the dominant policy.

    Bob Wilson
     
    #103 bwilson4web, Mar 15, 2020
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