Thursday, January 8, 2015

The Bubble?




In 2013,  3.20 billion barrels of gasoline were consumed2 in the United States, about 6% less than the record high in 2007.

US consumed 18.89 million barrels per day.   Production averaged about 9 million barrels of crude a day, the most since 1986.  .

Wind energy is breaking records across the U.S., thanks to long-needed transmission upgrades that are relieving congestion on the power grid and allowing more clean energy to reach consumers. In 2011. One TWh is essentially enough energy to power a city of 200,000 people for an entire year. The U.S. generated 121 TWh.

US produce as much as Saudi Arabia, and consume less. As the price decline, the unprofitable wells will decline, temporary.  Just a thought.

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