Storm season shows another benefit of shale revolution
Fuel Fix:
Shale boom has made U.S. oil production less vulnerable to hurricanes
...With storage tanks also filled any disruption in the flow from the Gulf can be easily managed. In recent years there have actually been very few hurricanes that actually went into the Gulf of Mexico.
In 2003, the Gulf of Mexico produced 27 percent of the nation’s crude oil output, the U.S. Energy Information Administration said. A decade later, that share had dropped to 16 percent. Natural gas production from the Gulf tumbled from a high of 26 percent in 1997 to just 4 percent in 2014.
...
Comments
Post a Comment