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Tuesday, November 13, 2012

A Look At 2012 American Crude Oil Production

My latest Seeking Alpha article:

American production in January 2012 was 6.11 million barrels of crude per day. In August American production was only 28,000 barrels per day higher at 6.14 million barrels per day.

Yes there is some noise in the monthly numbers, and yes American production is definitely going to keep growing but at this rate it certainly isn't going to overwhelm demand from a world that needs 90 million barrels of oil per day.

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