U.S. RISING UNTIL 2020
The rise in US shale oil production is currently expected to continue up until 2020, the US Energy Information Administration said in a report, after which time it will stabilize before falling the next decade.
There is a phenomenal rise in shale oil production from the three biggest areas of production in Texas and North Dakota, the report noted. Continued high prices or a reduction in extraction cost from continued innovations in production techniques will be required for this to happen, it added.
US liquid fuel production extraordinary increased over the past few years, the US Energy Information Administration…
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