CHART OF THE DAY: US Crude Production Is Heading To A 20-Year High

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U.S. crude production will reach 6.8 million bbl/d in 2013, the highest level of production since 1993, according to the latest EIA data.

Production in 2012 has hit 6.3 million barrels per day (bbl/d), a figure last seen in 1998.

Here’s their chart showing the surge:

chart of the day, us crude oil production, nov 2012

Production has surged in recent years thanks to the explosion of drilling in the country’s shale deposits.

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