US Daily Oil Production 6.598 Million Barrels Per Day & The Continental Resources Discovery In Oklahoma

[SEE3772]

US Daily Crude oil production is at 6.598 million barrels per day. This is the highest level since the first half of 1995. This is 750,000 barrels per day more than in 2011.

The daily production of oil liquids is 10.866 million barrels per day (this includes natural gas liquids, ethanol and refinery gains).

------------------------------------------

Continental Resources Inc. says a shale-oil discovery in Oklahoma may add the equivalent of 1.8 billion barrels of crude to the company's reserves as it drills more than 2,000 wells in coming years.

-------------------------------------------

Buy Bakken Oil Wells
Direct Oil Well Ownership Large Potential. Small Investment
www.breitlingoilandgas.com

[LexusLover]

I am not in favor of consuming our domestic reserves (within the borders of the U.S. which includes our offshore nautical limits). IMO exhausting our domestic reserves does not make the U.S. energy independent in the long term, only in the short term. If the U.S. is pursuing a viable alternative to a finite resource, e.g. oil, then a short-term fix is acceptable, so long as the alternative will be "on line" in sufficient time PRIOR to the exhaustion of our domestic resources.

For instance, the last I checked our strategic reserves are not topped off and those reserves were not originally intended to manipulate prices or "ease" consumer "pain at the pump."

Additionally, the U.S. ought to continue to develop closer ties and relationships with countries in the Western Hemisphere, which includes a number of countries with large reserves and prospects for the development of even larger fields of resources. That is not to say that we embrace those who threaten us with harm or those who cooperate with those who do.

[Guest123018-4]

You mean like Canad and the Keystone pipeline.

There is a refinery here on the gulf coast that loves that heavy crude.
That is the tye we buy from Hugo Chavez in support of his communistic regime, I use that term since it was the term a couple of people I have met from Venezuela say that is what it is.

A sound energy program that include expanding the exploration and drilling for oil on US lands as well as supporting American energy companies that explore and produce oil IN NATIONS THAT ARE FRIENDS WITH the US should be key in our energy policy. IN addition, we must expand our development of the safe use of natural gas and support coal as a viable energy source. We also have the technology of nuclear r4eactors that can operate for 20 years without refueling that is not used for the commercial production of electricity.

Oil isnt the only means of energy independence but it is a key part and our economy is based on the production of energy more than anything else.

[CJ7]

we could produce 10M barrels a day and still wouldnt have the refinery capability to to lower the price at the pump ...

drill baby drill ... exxon loves $12 billion $ quarters

[Whirlaway]

Good leadership will do all that is required; including exploiting our fossil fuels, support alternatives, and encourage conservation.....unfortunately , Obama isn't doing this.

Time for a change.

[i'va biggen]

Where is all the whining about freedom from foreign oil?

[LexusLover]

Originally Posted by ekim008

Where is all the whining about freedom from foreign oil?

The real whining will occur when there isn't any more.

But "freedom from foreign oil" also includes the concept of "freedom from oil" ..... we may "never" be completely free from oil, but developing alternatives when they are available will lengthen the time we can use what we have in reserve. Oil we have in reserve will have value when those elsewhere are exhausting what they have.

[Guest123018-4]

BJ7, are you aware that we export gasoline and that gasoline is just one of many products of oil.
The point isn't to lower gasoline prices but to secure the ability to continue our existence without having to rely on countries that hate us. If by chance gasolin prices are lowered in the process that would be a bonus. Oil is more than just a commodity and is far more valuable than paper.

[i'va biggen]

Originally Posted by LexusLover

The real whining will occur when there isn't any more.

But "freedom from foreign oil" also includes the concept of "freedom from oil" ..... we may "never" be completely free from oil, but developing alternatives when they are available will lengthen the time we can use what we have in reserve. Oil we have in reserve will have value when those elsewhere are exhausting what they have.

There is a huge amount used for heating,why not convert to gas?Any attempt to go green is ridiculed here..

[gnadfly]

Originally Posted by ekim008

There is a huge amount used for heating,why not convert to gas?Any attempt to go green is ridiculed here..

Because Mr Poor Long Term Memory:

Before they "evolved" Natural Gas was considered a non-green CO2 demon by the Democratic Socialists and their eco-facist masters.

Now that we are closer to the election, Obama appears to believe that there is such a concept as "Clean Coal".

He'll have move "flexibility" if he's re-elected.

You require so little from "Dear Leader."

[cptjohnstone]

Originally Posted by SEE3772

US Daily Crude oil production is at 6.598 million barrels per day. This is the highest level since the first half of 1995. This is 750,000 barrels per day more than in 2011.

The daily production of oil liquids is 10.866 million barrels per day (this includes natural gas liquids, ethanol and refinery gains).

------------------------------------------

Continental Resources Inc. says a shale-oil discovery in Oklahoma may add the equivalent of 1.8 billion barrels of crude to the company's reserves as it drills more than 2,000 wells in coming years.

-------------------------------------------

Buy Bakken Oil Wells
Direct Oil Well Ownership Large Potential. Small Investment
www.breitlingoilandgas.com

damn, some day I will have mineral rights in Oklahoma but it is going to 100 miles west of this new find

[CuteOldGuy]

Look at all the advances in technology since the late 1800s. What was our primary fuel then? Coal and oil. What is it now? Coal and oil. Why is this? Shouldn't we have advanced beyond coal and oil in the last 150 years? This is ridiculous. Do you think that Big Oil owning our government has something to do with it?

[i'va biggen]

Originally Posted by gnadfly

Because Mr Poor Long Term Memory:

Before they "evolved" Natural Gas was considered a non-green CO2 demon by the Democratic Socialists and their eco-facist masters.

Now that we are closer to the election, Obama appears to believe that there is such a concept as "Clean Coal".

He'll have move "flexibility" if he's re-elected.

You require so little from "Dear Leader."

Horse fly I think you are one of the wingers ridiculing green here...

[I B Hankering]

Before oil and coal, Americans had for thousands of years depended on wood and buffalo dung for light, heat and cooking.

[CuteOldGuy]

I think we could progress a little faster now.