Oil output has doubled in only 29 months to a 33-year high in September according to new state crude oil production data released by the Energy Information Administration. The exponential increase in Texas oil output over roughly the last three years has completely reversed the previous, gradual 28-year decline in the state’s conventional oil production.
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Oil output has doubled in only 29 months to a 33-year high in September according to new state crude oil production data released by the Energy Information Administration. The exponential increase in Texas oil output over roughly the last three years has completely reversed the previous, gradual 28-year decline in the state’s conventional oil production.