‘More Than’ That: U.S. Now Produces More Oil Than It ImportsNovember 17, 2013 4:01 pm
When we spotted this, we were truly surprised. Not the fact as such – but what it means for the global energy equation overall.
“U.S. oil output is soaring due to the “fracking” boom in North Dakota, Texas and other areas. U.S. producers pumped 7.7 million barrels of crude per day in October.. The U.S. imported 7.6 million barrels a day of crude oil in October, the first time production has topped imports since February 1995. Net crude imports are down nearly 25% over the past five years.”
A true crossing over, this one.