Have we reached peak offshore oil in the U.S.?



  1. 0 Votes

    Maybe… there was a recent peak, about 2002-2003 of just over 50 million barrels per month in the Federal waters of the Gulf of Mexico, but values comparable to that have been reached again in late 2009-early 2010. We cannot know if it is a real ‘peak’ until it is made clear by hindsight. But the offshore Gulf of Mexico is nearly the only basin within the US that has a chance of NOT reaching its peak yet. A few others do exist. But for the US as a whole, peak was reached in 1970 and nothing from the offshore or anywhere else domestically is likely to ever get close to that amount (near 10 million barrels per DAY, in 1970, for the whole US) again.

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