US Oil Production Increases by Largest Amount since Records Began
Seven
years ago George W. Bush declared that, “America is addicted to oil,
much of which is imported from unstable parts of the world.”That
statement is certainly not true now. Eager to make the most of
consistently high oil prices, oil companies have set up 1,432 rigs this
year in the US, the most since records began in 1987. According to the
Department of Energy this has led the US to increase its oil production
capacity by 766,000 barrels a day, to a total volume of 6.41 million
barrels a day, the highest level in 15 years and the…Read more...http://oilprice.com/Latest-Energy-News/World-News/US-Oil-Production-Increases-by-Largest-Amount-since-Records-Began.html
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