Think: U.S. Oil, Increased Access to Boost Global Supply

July 20, 2018

Big news in the latest API Monthly Statistical Report: U.S. crude oil production rose to an all-time record of 10.7 million barrels per day (mbd) in June - the largest monthly output, ever. Here’s a chart from the MSR:



Below, the U.S. Energy Information Administration’s chart showing U.S. oil production since the era of Col. Edwin Drake, with annual output peaking at 9.637 mbd in 1970...

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