Mr Adam Sieminski chief of the US Energy Information Administration noted that the boost in oil extract in the last 150 years. Oil extraction will increase 760,000 barrels daily the highest increase since 1959.
Oil extraction is expected to increase by 13% to 6.4 million barrels daily by 700,000 daily more in 2013 to 7.1 million daily.
ExxonMobil said that US exports of energy resources in 2025 will exceed imports due to increased extraction in the country’s southern regions.
Source:
http://www.steelguru.com/russian_news/US_to_increase_oil_extraction_by_760000_barrels_in_2012/295263.html
