The US Energy Information Agency Annual Energy Outlook high projection for oil and natural gas liquids would be 24 million barrels per day by 2025. If the technology goes right the US could produce 28 million barrels per day by 2035-2045. Russia and Saudi Arabia have had flat oil and gas production at about 10-12 million barrels per day each. Russia and Saudi Arabia should have combined production of about 20-24 million barrels per day.
This is all coming from the shale oil boom.
SOURCES – EIA, infographic by easel.ly exclusively for Nextbigfuture.com
Written by Brian Wang