Keep pulling the thread on Vicki Hollub.
U.S. oil production has grown from approximately 5 million barrels per day in 2010 to 13.7 million barrels per day currently, driven by the shale revolution.
Vicki Hollub believes the conflict in the Middle East would end sooner with NATO and European involvement, which she sees as necessary to prevent a nuclear-armed Iran.
The U.S. shale industry has the capability to rapidly increase production to meet domestic needs if foreign oil imports were cut off.
Models from Occidental and third parties predict U.S. oil production will peak at approximately 15 million barrels per day between 2027 and 2030.
Occidental initiated a corporate transformation in 2016 with the strategic goal of lowering its geopolitical risk.
Occidental has transformed its production portfolio from 50% international in 2016 to 83% domestic U.S. production currently.
Occidental's enhanced oil recovery technology could add approximately 70 billion barrels to U.S. recoverable reserves, a figure comparable to the 100 billion barrels from the entire shale revolution.
Vicki Hollub predicts the world will face a magnified oil crisis in the next 15 to 20 years because global peak supply will be reached before global peak demand.
Vicki Hollub asserts that Europe lacks a rational strategy for securing its oil and natural gas supplies.
Vicki Hollub believes the United Nations is "useless" in resolving the current conflict in the Middle East.
Vicki Hollub predicts it will take a minimum of two years for Venezuela to restore its oil production to previous levels due to corroded and unusable infrastructure.
Current U.S. refinery configurations are not capable of processing all the light sweet crude oil that could be produced domestically by the shale industry.