U.S. crude oil production rising faster than expected, to test record highs by 2016

globeandmail ^ | Dec. 16 2013, 4:07 PM EST | SABINA ZAWADZKI

[onona]

Good info and input; thanks for sharing.

[SunkenCiv]

Thanks ckilmer.

[Freedom_Is_Not_Free]

Expansive oil development. Brought to you by, high oil prices.

It is amazing how efficiently the free market works when you just leave it alone. Commie Libs hoped to see $10 per gallon gas to force us out of our cars. Little did they know or understand that $4 per gallon gas was just the impetus to make shale development viable.

Commie Libs are so stupid. They will never understand the underlying realities of life, like thing gun prohibitions reduce gun violence. So stupid, Libs.

[thackney]

Refinery capacity in the toilet.

The US already refines more crude oil than we use ourselves.

[thackney]

We need more refineries and a similar ban on the export of finished product.

How do you think that would work? We already refine more product than we use ourselves. You want a private company to spend billions of dollars to build another refinery while you want to restrict them from selling the product?

[ROCKLOBSTER]

OK then, we don’t need more refineries, except for backup when one goes out of service.

[ROCKLOBSTER]

in places like the baaken, the price of oil at the well head is only about 74 dollars a barrel— so its still cost effective to ship the oil by rail to the east & west coast refineries.

They have refinery capacity in Wyoming, why don't they expand that and build pipelines from there to ND and MT?

[ROCKLOBSTER]

You want a private company to spend billions of dollars to build another refinery while you want to restrict them from selling the product?

Actually I don't care about restricting them so much as requiring them to charge the foreigners twice as much as Americans for transportation fuels.

Same with pharmaceuticals.