Quick search only seems to show that some "new" leases were not made. (new wells)
I don't find where any current production has been halted.
Doo you know of any in particular?
Of course halting new exploration will eventually mean lower production, but cheap oil prices does that every price cycle all on it;s own anyhow....
And what is interesting is that just the opposite seems to be the case.
But a quick research (I have to git some werk done too) on LE's propoganda piece above has produced mixed info.
Most links that I found stated that the US only has <5 yrs worth of our own oil if we went totally domestic.
And that the world stores are accepted to be in the 50 yr ballpark - per global useage.
The Peak oil page on Wiki didn't give any stats like that, but they did state that Peak Oil could possibly have been 2018, depending on where we go from here.
But they weren't expecting that.... Just that production dropped markedly per Wuhan Flu. And with the new push for "working from home", that will help to keep traffic down a bit?
I don't know... The jury is still out on that....
Also, the Peak Oil page did say that consumption has outpaced new finds ever since the early 80's.
BUT!
With those stats that I just posted, that sounded like we don't produce much of our own (<5 years?) and I thought that we ran much more than that would equate to.
So, looking up what we produce a day comes to 13M barrels/day, with consumption of 20M barrels.
(Nearly 2/3)
So, IDK how you would ever come to the 5 yr stat at those numbers....
????
.