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US Could Be the World’s Largest Crude Oil Producer by 2020

Gordon Kristopher
US Could Be the World’s Largest Crude Oil Producer by 2020

The EIA (U.S. Energy Information Administration) estimates that the US crude oil output was steady at 10,900,000 bpd (barrels per day) on June 29–July 6. The output was steady at a record high level for the fourth consecutive week. The US crude oil output increased by 1,503,000 bpd or ~16% from a year ago.