Mar 1, 2016 ... The U.S. pumped an average of 9.43 million barrels per day last year, marking the highest level since 1972. Despite the crash in oil ... Despite the drop in prices, domestic production rose 8% last year and is now up 45% since 2012. ... It's not like U.S. oil companies aren't feeling the OPEC pressure. They've ...
Jan 25, 2012 ... But he didn't mention fuel prices, for good reason. Obama: Over the last three years, we've opened millions of new acres for oil and gas exploration. … Right now, American oil production is the highest that it's been in eight years. That's right – eight years. Not only that – last year, we relied less on foreign oil ...
Aug 5, 2015 ... If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade. The contract price of US crude oil for delivery in December 2020 is currently $62.05, implying a drastic change in the economic landscape for the Middle East ...
Jan 28, 2015 ... Decades of declining oil production has been reversed since Obama took office, leading to the largest increase in the nation's history. ... Crude oil production has risen every year of his administration. It has ... Offshore production reached its peak in 2010, the year of BP's (BP) Deepwater Horizon disaster.
Feb 29, 2012 ... And just like last year, the biggest thing that's causing the price of oil to rise right now is instability in the Middle East. The truth is that ... In 2011, U.S. crude oil production reached its highest level in 8 years, increasing by an estimated 110,000 barrels per day over 2010 levels to 5.59 million barrels per day.
Right now, American oil production is the highest that it’s been in eight years.