NEW YORK (AP) - U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
If you're planning to participate in the big "Thank You" march where we carry giant photos of President Obama from downtown Lafayette all the way to Port Fouchon (which I'm sure will be organized any minute now) all we ask is that you take care not to step in any sinkholes along the way.
1 comment:
This is occurring in spite of Obama, not because of him and has much more to do with horizontal on shore drilling out west than offshore Gulf of Mexico drilling. Silly post.
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