Texas & North Dakota Account for Almost 1/2 of US Oil Production
The shale oil boom has led to a dramatic increase in US oil production, from 5 million BPD in 2008 to a projected 9.3 million BPD in 2015, according to a new forecast published this week by the Energy Information Administration. Texas and North Dakota now account for nearly half of current US oil production. The US share of liquid fuels imports has also declined and is projected to reach its lowest level since 1970 next year. Read more in the USA Today.