The West needs more oil now that Russia’s crude is too toxic to buy. But, American frackers may struggle to replace more than 10% of the more than 10 million barrels per day produced by Russia, writes rob_cyran:
U.S. shale-oil production in March is expected to be 8.7 million barrels per day according to U.S. government forecasts.
Total crude production in December was 11.6 million bpd according to the U.S. Energy Information Administration, which expects output to rise to an annual average of 13 million bpd in 2023.Source: REUTERS/Lucy Nicholson
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