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Tuesday, Jan 8
The use of non-conventional drilling techniques in places like North Dakota and Texas has...
The use of non-conventional drilling techniques in places like North Dakota and Texas has created an explosion in U.S. oil production, to the point where it's expected to surpass Saudi Arabia in crude production by 2020. The government now predicts the U.S. industry could pump 14% more oil this year alone, rising to 7.3M bpd in 2013. That's 300K more than its December forecast, and 900K bpd more than what was produced in 2012.