U.S. oil production reached a peak in 44 years

U.S. liquefied petroleum products per day are more than 1970 reached a peak, which is prosperous American shale oil is another milestone.

According to "China Oil Industry Report" ,Petroleum products including crude oil and associated liquids are called "condensate", and ethane such NGLs (NGL). In April, the U.S. daily output is 1127 barrels of petroleum products, which is almost a daily average of 1130 and 1970 barrels a peak equal. The recent growth rate implies that figure has now been exceeded.

Today, the composition and petroleum products in the last century, the United States is not the same as the early 1970s, the larger of which NGLs proportion. Compared with the crude oil, NGLs such energy contained lower value is not as crude. In April, U.S. crude oil production was 8.3 million barrels per day, still well below the November 1970 a record 10 million barrels per day peak.

Even so, the U.S. petroleum products per day rally, U.S. oil production is still refute the irreversible long-term decline in the state's argument. In addition, forecasts from the U.S. Energy Information Administration (US Energy Information Administration) implies, U.S. crude oil output will also be close to a peak in 1970 the United States in the coming years.

Currently the United States has the world's largest oil and gas producer. Just look at oil production, the United States is one of the world's top three oil producers