Analysis: Don’t Look For Wind And Solar to Replace Oil Anytime Soon

Oil output

According to Energy Information Agency data, oil production in the Permian basin — one of the world’s most fecund sources of oil — grew from 1.5 million barrels of oil in 2014 to almost 4 million barrels of oil. The oil and gas production increase since 2014 is nine times the output of every solar project in the United States.

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