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crude oil production

North Dakota and Texas Now Provide Nearly Half of U.S. Crude Oil Production

July 6, 2014 by U.S. EIA: Today in Energy

State Oil Production

U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total. Texas production topped 3.0 million bbl/d for the first time since the late 1970s, more than doubling production in the past three years.[read more]

Five States and the Gulf of Mexico Produce More than 80% of U.S. Crude Oil

April 8, 2014 by U.S. EIA: Today in Energy

States and Crude Oil Production

Five states and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013. Texas alone provided almost 35%, according to preliminary 2013 data released in EIA's March Petroleum Supply Monthly.[read more]

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Should the U.S. Allow Increased Domestic Crude Oil Exports?

April 8, 2013 by John Miller
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U.S. domestic crude oil production has increased significantly in recent years. Would exporting some of this new domestically-produced crude oil be in the best interests of the U.S. overall?[read more]

Crude Production Rise: Credit Where Credit’s Due

June 13, 2012 by Mark Green

Vadim Ponomarenko/Shutterstock

Last week the Energy Information Administration (EIA) told us that U.S. crude oil production in the first quarter of the year topped 6 million barrels per day (bbl/d) for the first time in 14 years. EIA’s chart:EIA’s analysis:“Strong growth in U.S. crude oil production since the fourth quarter of 2011 is due mainly to higher output from...[read more]

Canadian Oil Sands Could Lead U.S. Oil Imports This Year

June 23, 2010 by Mike Gregory
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Canadian oil sands are a growing source of petroleum, and by the end of this year, they'll probably be the leading source of crude oil imports into the United States, according to a new study by IHS CERA. Canada is already the primary source of crude oil imports into the United States, and the country has been steadily increasing its...[read more]

Why peak oil "doesn’t matter"

November 17, 2009 by Big Gav

The SMH has a beginner's introduction to peak oil, claiming geological limits "don't matter" because economic limits kick in first - Why peak oil doesn’t matter.There’s only one reason why you’d invest in the oil and gas sector; because you’re confident that, over the long term, the price of oil is going to rise.In this piece, and the...[read more]