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Shale oil output anchors a record growth in US production
2013-01-09 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
EnergyWire: Drawing on growing output from the Bakken and Eagle Ford shale plays, U.S. crude production averaged 6.4 million barrels a day last year, a gain of 800,000 barrels daily over 2011 -- the largest annual increase since the birth of the U.S. oil industry in 1859, the Energy Information Administration said yesterday. EIA's "Short-Term Energy Outlook" for January, the first with forecasts for 2014, projects U.S. crude oil output rising solidly to 7.3 million barrels a day this year and 7.9 million...
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