| American drillers increased oil production at the highest rate in a Century in 2014 despite falling prices . Opec's efforts to slow down the pace of growth of America's oil industry last year have failed, according to new data which revealed that drillers in the US increased production at the highest rate in more than 100 years.
The US government's Energy Information Administration (EIA) has said that output increased by 1.2m barrels per day (bpd) last year to reach 8.7m bpd. This is the largest single increase since records began in the early 1900s...............................................Full Article: Source
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