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Peak Oil

raccoon

(31,470 posts) Tue Oct 10, 2017, 10:29 AM Oct 2017

Today on NPR someone was talking about the price of oil being so low now. He basically said it was

because the US is producing a lot more oil because of fracking.

I've been reading a lot about this sort of stuff recently. Can anyone direct me to a link or tell me, what does this mean about the US's production of oil? Somehow, I don't think fracking is a long-term solution.

I found one

http://news.nationalgeographic.com/news/2014/12/141219-fracking-oil-supply-price-reserves-profits-environment/

2 replies

= new reply since forum marked as read

Highlight:

Today on NPR someone was talking about the price of oil being so low now. He basically said it was (Original Post) raccoon Oct 2017 OP

Yes, it's because of fracking Spider Jerusalem Oct 2017 #1

thank you! nt raccoon Oct 2017 #2

Spider Jerusalem

(21,786 posts)

1. Yes, it's because of fracking

Reply to raccoon (Original post)

Tue Oct 10, 2017, 10:36 AM

Oct 2017

US oil production in 2010 was 5.6 million barrels a day, that rose to over 9 million barrels a day in 2015 and 8.8 million barrels a day in 2016, data here. Nearly half of the oil produced in 2016 (4.25 million barrels a day) was "tight" oil (oil shale, tar sands, etc), see here.

raccoon

(31,470 posts)

2. thank you! nt

Reply to Spider Jerusalem (Reply #1)

Tue Oct 10, 2017, 10:38 AM

Oct 2017

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