This is roughly in line with a Harvard forecast where oil booms in North Dakota and Texas. Maugeri, author of a 2012 report forecasting rapid growth of global oil production and belying the notion that oil output has “peaked,” argues in his new paper that the boom in U.S. shale oil production is central to the overall U.S. oil surge. If oil prices remain close to today’s levels, total U.S. production of all forms of oil [all liquids includes natural gas liquids and ethanol] could grow from 11.3 12.3 million barrels per day in Sept, 2013 to 16 million barrels per day by 2017.
Older Monthly oil production numbers
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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