Fracking Pushes U.S. Oil Output to Highest Since 1992

Posted by Bloomberg: Asjylyn Loder on July 11th, 2013
Bloomberg: U.S. oil production jumped last week to the highest level since January 1992, cutting consumption of foreign fuel and putting the U.S. closer to energy independence. Drilling techniques including hydraulic fracturing, or fracking, pushed crude output up by 134,000 barrels, or 1.8 percent, to 7.401 million barrels a day in the seven days ended July 5, the Energy Information Administration said today. Rising crude supplies from oilfields including North Dakota’s Bakken shale and the Eagle Ford......

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