It is fascinating to watch the rebirth of the American Oil Industry! After years of declining production, the U.S. is now ramping up for more production than ever.
By September 2013, the production of domestic crude oil is expected to exceed the import of crude oil for the first time since 1995. And, by the end of 2014, daily domestic production will exceed imports by more than two million barrels per day! Imports of crude oil have fallen below seven million barrels per day for the first time since the early 90s.
Production from the Bakken Shale Field in North Dakota, Eagle Ford, and Barnett Shale Fields in Texas, have led the way to increased U.S. oil production. Ten years ago no one would have believed that North Dakota would surpass Alaska in oil production to become the second largest U.S. oil producing state, only behind Texas!
These developments are helping to reduce our dependency on foreign oil. And clean-burning, American-made propane, is a major contributor to reducing this dependency!
-Michael Faivre (General Manager)