Podknife - Record oil output with fewer rigs by Marketplace All-in-One

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Record oil output with fewer rigs

Podcast |: Marketplace All-in-One
Publisher |: Marketplace
Media Type |: audio
Podknife tags |: Business,; Economics,; Master Feeds,; News & Politics,; Society & Culture
Categories Via RSS |: Business,; News
Publication Date |: Mar 05, 2024
Episode Duration |: 00:27:25

The U.S. produces more crude oil than any other country, but the number of active oil rigs has fallen by nearly 70% since 2014, the Energy Information Administration reports. How can that be? The answer is a combination of innovation and financial pressure. Plus, the non-alcoholic beverage market booms, the U.S. Patent Office decides AI can’t be credited as an inventor and household debt burdens are on the rise.

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