USA : 1970 , ? - Production peaked in 1970 .
USA : 1970 , ? - Production declined 48 percent by 2008 , then rose rapidly , and as of March 2018 , crude oil was being extracted in the US at new record - high rates .
USA : 1970 , ? - Production peaked in 1970 and declined 48 percent by 2008 , then rose rapidly , and as of March 2018 , crude oil was being extracted in the US at new record - high rates .