Sunday, January 2, 2011

Russian Oil Output Hits New Record -- Not a Bakken Story

I never know if these stories interest anyone wanting to read about the Bakken, but I think the numbers help put the Bakken into perspective.

In this case, Russia's largest new project recently pumped 255,000 bbls/oil/day. North Dakota is currently pumping about 340,000 bbls/oil/day.
Russia, the world’s largest oil producer, set a post-Soviet record for yearly crude output in 2010, even as the country’s production in December slipped from the previous month.

Russian output last year rose 2.2 percent to 10.15 million barrels a day, the highest annual average since the collapse of the Soviet Union in 1991.
Meanwhile, the US continues to pump less and less crude each year on our road to energy dependence. The moratoria for off-shore drilling around the US continue.

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