The heart of the US oil boom is slowing
Oil & Gas 360º
MAY 5, 2025
(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. produced about 5 million barrels of crude oil per day, down by half from the 1970s. Twenty years ago, the U.S.
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