Sunday, November 18, 2012

Bakken shale oil another bump on a downward slope

Petroleum Truth Report: "After production peaked in 1970, not even the discovery of Prudhoe Bay, the largest oil field in the U.S. (12.8 billion barrels produced to date), brought production back to the 1970 peak. Including the recent increase from shale oil, the gap between production and consumption is approximately 9 million barrels of oil per day, almost as much as 1970 peak production."

'via Blog this'

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