Kamis, 26 Juni 2025

Is This the Next U.S. Oil Boom?

Wealth Daily

Is This the Next U.S. Oil Boom?

Dear Reader,

We know a little bit about oil booms and busts here in the United States. 

Ever since the earliest days in the mid-19th century, when men like Edwin Drake were hired by Seneca Oil Company to check out some oil seeps in Titusville, Pennsylvania, our oil industry has gone through several eras. 

In fact, Pennsylvania was once the world’s largest oil producer for a period of nearly 20 years. 

But we tend to learn too much about the boomtimes and casually ignore what comes next. 

Even in Titusville, Drake’s first well stopped producing crude oil within its first two years, and the property was sold off in 1864.

Yet, it was enough to spark the oil rush that gave Pennsylvania its oil crown… at least for a little while.

After U.S. oil output started its seemingly irreversible decline in 1970, it felt as if a miracle was needed to reverse falling production.

Is history repeating itself now? Are we gearing up for the next oil boom in the U.S.?

>>> Read the full article here…

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