China, India, oil, oil prices, U.S. Oil Production

U.S. Oil Production Keeping World Oil Prices in Check

By Institute for Energy Research —— Bio and Archives--September 15, 2014

Global Warming-Energy-Environment | Comments | Back To Full Article

The Energy Information Administration (EIA) reports that U.S. liquid fuels production growth, led by oil production growth, has more than offset unplanned disruptions to the world’s oil supply. U.S. liquid fuels production, including crude oil, hydrocarbon gas liquids, biofuels, and refinery processing gain, increased by more than 4.0 million barrels per day between January 2011 and July 2014. In comparison, Canada produces about 4.0 million barrels of oil a day.

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