That’s still some quite impressive growth. That would place the US at just shy of 14 MMbbl/d by the end of 2020 – way above its only peers Saudi Arabia and Russia. And those two don’t have sun baked, carnivore entrepreneurs pushing things forward but rather some woolly bureaucrats. I would rather put my money with the former.
U.S. crude oil production will continue to grow through 2019 and 2020, but at a much slower pace than in 2018, according to the latest forecasts from the U.S. Energy Information Administration.