Fueled by the shale oil boom, U.S. oil production in November, 2017, was 10.057 million barrels per day (bpd), making it the first time U.S. production exceeded 10 million bpd since 1970 (and breaking 1970’s record). This rate of crude oil production also surpasses that of Saudi Arabia, leaving the U.S. behind only Russia in terms of total crude production. … [Read more...]

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