API: Ensure U.S. oil boom continues

April 15, 2015 1:28 PM

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API: Ensure U.S. oil boom continues

Federal data show U.S. production reaches its peak in 2020.

The U.S. Energy Information Administration said in an annual report domestic crude oil production peaks at 10.6 million barrels per day in 2020 and then fades to 9.4 million bpd by 2040. The general increase is greater than the previous year's forecast.

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