U.S. Oil to Gush Near Record by 2016 -EIA - Presented by: The Aol. On Network

America is moving closer towards a goal of energy independence than earlier predicted. The U.S. is expected to pump out a near record 9.5 million barrels of oil per day by 2016, according to a new forecast by the Energy Information Administration. Faster-than-expected growth in emerging shale oil production is behind the higher forecast, which is 2 million higher than it was just a year ago.



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