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Home > Marketplace with Kai Ryssdal > Record oil output with fewer rigs
Podcast: Marketplace with Kai Ryssdal
Episode:

Record oil output with fewer rigs

Category: Business
Duration: 00:27:25
Publish Date: 2024-03-05 23:52:41
Description:

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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