Tuesday, December 31, 2013

SAUDI AMERICA - US Oil Production Just Hit A 25-Year High


The Great American shale boom rolls on.

U.S. oil production is now at levels last seen in September of 1988, according to new EIA data.

The four-week average climbed to 8,041,000 barrels a day, or about 234,000 barrels a month. That's up from a prior 8,020,000 barrels a day four-week average.

Chart:

chart (1)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.