April 2, 2013
Energy Policy & The Environment Report
In 2012, U.S. oil production rose by 790,000 barrels per day, the biggest annual increase since U.S. oil production began in 1859. In 2013, the Energy Information Administration expects production to rise yet again, by 815,000 barrels per day, which would set another record. Domestic natural gas production is also at record levels.
What has allowed such dramatic production increases? Innovation in the drilling sector. The convergence of a myriad of technologies—ranging from better drill bits and seismic data to robotic rigs and high-performance pumps—is allowing the oil and gas sector to produce staggering quantities of energy from locations that were once thought to be inaccessible or bereft of hydrocarbons.
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