The US oil production is experiencing rapid decline rates where new wells drilled in 2021 decline at much faster rates than older wells, requiring continuous high-speed drilling just to maintain production; if drilling stopped, US oil would decline 40% in the first year and 20% in the second year.
factualpending
Speaker
Nate HagensEvidence Quote
“if we stopped Drilling in the United States for whatever reason our oil would decline almost 40 percent in the first year”
Source
The Great Simplification: What HS Leaders Need to Know About the Future of Energy with Nate Hagens— Center for Homeland Defense and Security Naval Postgraduate SchoolCreated: 8/12/2026, 10:21:00 PM
My Notes
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