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New Technology for Old Fuels: Innovation in Oil and Natural Gas Production Assures Future Supplies

New Technology for Old Fuels: Innovation in Oil and Natural Gas Production Assures Future Supplies

Full Title:  New Technology for Old Fuels: Innovation in Oil and Natural Gas Production Assures Future Supplies
Author(s): Robert Bryce
Publisher(s):  Manhattan Institute
Publication Date: April 1, 2013
Full Text: Download Resource
Description (excerpt):

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.

The dominance of oil and gas in our fuel mix will continue. The massive scale of the global drilling sector, combined with its technological prowess, gives us every reason to believe that we will have cheap, abundant, reliable supplies of oil and gas for many years to come.

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