Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 09, 2013 13:45:28

U.S. oil production will increase by a quarter



ColosseumU.S. Department of Energy has stated that by 2014, oil production in the United States should increase by 23% to 7.9 million barrels per day, which would be the most since 1988. Landscape dependence on commodity imports would thus reduced to 6 million barrels per day, while still in 2005 the U.S. imported 12.5 million barrels per day. Rapid output growth is due mainly mining usufruct more extensive use of new technologies.

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