U.S. is Producing Ten Percent of World’s Crude

The Hill: “The U.S. is now producing a 10th of the world’s oil, the Energy Department’s statistics shop said Wednesday.”

“Overall crude oil production in the U.S. averaged 7.84 million barrels per day, accounting for more than 10 percent of total world production.”

“Tight oil operations have helped bring the U.S. into its current oil boom. A majority of the tight oil comes from South Texas and North Dakota shale formations.”

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