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Old 01-17-2018, 09:51 AM   #1 (permalink)
redneck
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Peak oil... Again...!!!

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U.S. oil industry set to break record, upend global trade

https://www.reuters.com/article/us-u...-idUSKBN1F50HV


Quote:
HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.


Quote:
TECHNOLOGY OPENS UP NEW FIELDS

The next phase of shale output growth depends on techniques to squeeze more oil from each well. Companies are now putting sensors on drill bits to more precisely access oil deposits, using artificial intelligence and remote operators to get the most out of equipment and trained engineers.



It looks like there is going to be plenty of oil for the foreseeable future.

Lets just not waste it...


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