Remove Basin Remove Crude Oil Remove Proven Reserves
article thumbnail

Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

Who’s to say it won’t happen again in the face of these new predictions of peak oil? The Permian basin has become one of the most productive oil fields in the world, Fig. In fact, if the Lone Star State were its own country, we would be the world’s third-largest producer of natural gas and fourth-largest producer of oil.

Oil