The Headline Suggests Sooner Than Later; The Story Says "As Early As 2024" -- A "Life Time” In The Oil Business -- January 17, 2023

This will be a most interesting story to follow. 

The "talking points": 

Looking at the graphics below, an increase of 500,000 bopd seems to be way more than enough. I'll take the story with a grain of salt. 

Last paragraph in the article: 

According to the EIA’s latest Short-Term Energy Outlook (STEO), U.S. crude oil production is expected to have averaged 11.7 million bpd in 2022 and will average 12.4 million bpd in 2023, which would surpass the record high set in 2019.

US field production of crude oil, EAI and US crude oil exports (does not include refined products):