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December 17, 2013

Report: U.S. Oil Production Headed for Near-Record High Due to Fracking 
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New government figures predict the amount of crude oil produced in the
United States will soar to a near-historic high in the coming years due
largely to the controversial technique of fracking. According to the
Energy Information Administration, U.S. oil output will hit 9.5 million
barrels per day by 2016, just under the record of 9.6 million set in
1970. Fracking, which involves blasting chemicals into shale rock, is
also fueling a rise in natural-gas production.

 

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