IPAA: U.S. OIL FLOW HEADED FOR FURTHER DECLINE

U.S. crude oil production is in the midst of a long slide that will dip to less than 6 million b/d by the end of the century. The Independent Petroleum Association of America's supply/demand committee forecasts U.S. production of 5.7 million b/d in 2000, off about 1.6 million b/d from 1990 and 3.3 million b/d from the 1980s peak achieved in 1985. U.S. crude oil flow hit its all time high in 1970 at 9.637 million b/d. Production has fluctuated a bit since then, but the trend has been down

May 13th, 1991
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home