Abstract:Estimates of U. S. crude oil producing capacity have been made routinely since the close of World War II. These estimates are based upon a determination of the physical capability of the domestic petroleum industry to produce crude oil at the maximum efficient rate from existing wells and reservoirs. Productive capacity estimates of potential crude oil producing ability do not make allowance for physical limitations on crude production resulting from storage and transportation bottlenecks, refining ability, et… Show more
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