Quote:
Originally Posted by Howitzer
13. NOT MUCH HAS CHANGED - The production of crude oil that occurs in the USA today (5.1 million barrels a day) is the same level of production domestically as it was in 1949 (source: Department of Energy).
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That's weird considering how much more drilling has been opened in the decades after '49. I wonder if, gasp, opening for drilling doesn't necessarily increase supply. BTW, is this stat level of production minus what's produced for the strategic reserve?