Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Tuesday, July 25, 2017
REPORT: US Oil Production To Shatter Historic Milestone In Trump’s First Term
U.S. oil production could reach never-before-seen heights by the end
of President Donald Trump’s second year in office, according to the
Department of Energy’s statistical arm. The Energy Information Administration (EIA) “expects crude oil
production to reach an average of 9.9 million b/d, which would surpass
the previous record of 9.6 million b/d set in 1970.” Most of the increase in production would come from Texas hydraulic
fracturing operations and offshore rigs in the Gulf of Mexico, according to EIA. EIA forecasts that most of the growth in U.S. crude oil production
through the end of 2018 will come from tight rock formations within the
Permian region in Texas and from the Federal Gulf of Mexico. n fact, Texas’s Permian Basin alone is expected to churn out nearly
one-third of U.S. oil production by 2018. Permian production is expected
to increase even if oil prices remain below $50 a barrel...more
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment