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tight oil

Tight Oil-Driven Production Growth Reduces Need for US Oil Imports

April 12, 2014 by U.S. EIA: Today in Energy

Oil Production and Import Changes

In the Annual Energy Outlook 2014 (AEO2014) Reference case, crude oil production rises from 6.5 million barrels per day (MMbbl/d) in 2012 to 9.6 MMbbl/d before 2020, a production level not seen since 1970. Tight oil production growth accounts for 81% of this increase.[read more]