21.03.2013 - US oil output to surpass imports this year: EIA
The US will produce more oil than it imports beginning late this year for the first time in 18 years, the Energy Information Administration said Wednesday. Helped by a surge in shale-based output, monthly crude production has pushed past seven million barrels a day and could reach eight million barrels a day by the beginning of 2014. Imports meanwhile have dropped below eight million barrels a day and should fall below domestic output by the end of 2013, the EIA said...............................................Full Article: Source
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