4/11/2013

The Energy Information Administration sees rapid growth in crude oil production in the U.S. through 2016. Oil output is expected to reach 7.9 million barrels per day in 2014, up from the 6.5 million barrels per day average recorded in 2011, EIA said. The agency also anticipates North America to lead in oil production among non-members of the Organization of Petroleum Exporting Countries.

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