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<blockquote data-quote="bacha29" data-source="post: 5206264" data-attributes="member: 58386"><p>Production through the Alaskan oil pipeline according to the EIA has been in decline since 1988. The reason? Ageing wells that are becoming exhausted. This according to the EIA which also pointed to the fact that US oil production averages 12.4 M barrels a day in 2020 . 2021 production averages 11.17M per day will return to 12M per day this year and 12.5 M in 2023. </p><p></p><p>These numbers serve to reaffirm what the oil industry ahs been saying. Why bear the expense of drilling for 2 barrels of oil and sell it for $55 a barrel when we can sell one barrel for $110.?</p></blockquote><p></p>
[QUOTE="bacha29, post: 5206264, member: 58386"] Production through the Alaskan oil pipeline according to the EIA has been in decline since 1988. The reason? Ageing wells that are becoming exhausted. This according to the EIA which also pointed to the fact that US oil production averages 12.4 M barrels a day in 2020 . 2021 production averages 11.17M per day will return to 12M per day this year and 12.5 M in 2023. These numbers serve to reaffirm what the oil industry ahs been saying. Why bear the expense of drilling for 2 barrels of oil and sell it for $55 a barrel when we can sell one barrel for $110.? [/QUOTE]
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