“U.S. crude oil production hit 12 million barrels per day in mid-February, according to the Energy Information Administration’s (EIA) latest report. EIA’s weekly petroleum report, for the week ending Feb. 15, showed crude output jump more than 1.7 million barrels per day compared to the same time in 2018 — from roughly 10.3 million barrels per day to 12 million barrels per day.”
“…In the past decade, hydraulic fracturing and horizontal drilling allowed oil and natural gas production reach never-before-seen height. The boom propelled the U.S. to become the world’s top oil producer, edging out Russia and Saudi Arabia earlier in 2019.”
(H/T: Daily Caller)
