Oil production to hit new high by end of year, EIA says

[KenH]

"EIA released Tuesday (Aug. 8) the August Short-Term Energy Outlook that shows domestic crude oil production is projected to exceed 12.9 million barrels per day for the first time in late 2023 and to exceed 13 million barrels per day in early 2024 as global oil demand and prices rise.

U.S. crude oil production will average 12.8 million barrels per day in 2023, up 200,000 barrels per day from its July forecast. Global demand for petroleum products and Saudi Arabia’s extended production cuts are expected to contribute to rising oil prices this year.
...
The Short-Term Energy Outlook shows the high temperatures in July and the resulting air conditioning demand led to near-record levels of U.S. electricity consumption. About 388 billion kilowatt-hours of electricity was consumed in the United States during July, which is nearly equal to the record monthly consumption level set in August 2022."

- rest at Oil production to hit new high by end of year, EIA says - Talk Business & Politics

 

[canadyjd]

The first class I enrolled for in college (1989) was Environmental Biology.

I still remember a quote from that textbook which said “ at the current rate of consumption of oil, all known resources and potential yet undiscovered resources will be completely depleted in 12-15 years”

This was college textbook, written by “experts”.

I have recognized since then the constant use of the “12-15” years statement in the environmental movement. It is close enough to generate fear, yet far enough out that few remember.

peace to you