EIA: Expect Record U.S. Oil Production in 2018, Exceeding 1970 Peak

"U.S. crude oil production is expected to be higher during the next two years than previously forecast, with annual output in 2018 now forecast to reach 9.9 million barrels per day, exceeding the previous record level of 9.6 million barrels per day reached in 1970 ." U.S. Energy Information Administration Acting Administrator Howard Gruenspecht, April 11, 2017 The EIA released the Short-Term Energy Outlook today. From the STEO: • U.S. crude oil production averaged an estimated 8.9 million barrels per day (b/d) in 2016. U.S crude oil production is forecast to average 9.2 million b/d in 2017......(read more)

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