USA Oil Production
A general Thread about Oil Production in USA. What is the level of USA Oil & Gas Exploration and are the Petroleum Refineries able to keep up with local demand?
U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia:
The U.S. Will remain the world's biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation's economic recovery, Bank of America Corp. Said. Ref. Source 8
USA TODAY investigation: Aging gas pipes put millions of Americans at risk
About every other day the past decade, a gas leak in the United States has destroyed property, hurt someone or killed someone, a USA TODAY Network investigation finds. The most destructive blasts have killed at least 135 people, injured 600 and caused $2 billion in damages since 2004. Search our interactive database to find leaks where you live. Ref. USAToday
Crude price drop triggers major layoffs in US oil industry:
Thousands of recently highly paid workers have been laid off after the oil price plummeted 50 percent in 2014. At least four American oil-producing states are already facing budget problems due to decreasing oil revenues. Ref. Source 6
The Trump administration Thursday announced plans to roll back a ban on new offshore drilling off the coasts of Florida and California and is considering more than 40 sites for leasing of natural gas and oil production.
Interior Secretary Ryan Zinke said that 47 proposed leasing areas could increase federal revenue by $15 billion. Ref. CNN.
The world is getting away from gas nd oil what will the long term costs be from such short sighted production? Greed wins again.