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US oil output to rise to near record level by 2016-EIA
2013-12-16 11:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: U.S. crude oil production, rejuvenated by the advent of "fracking" shale formations, will approach historic highs by 2019, the Energy Information Administration (EIA) said on Monday, raising its forecast to levels that would have been unforeseen just a few years ago. The U.S. oil and gas industry has been a bright spot in recent years as the economy struggles to recover from a financial crisis and growth stagnation. The energy renaissance has prompted some large U.S. oil companies to sell foreign...
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