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US now pumping 10 percent of the world’s crude

Screen Shot 2014-03-28 at 08.30.15Extracts from an article by Emily Pickrell published 26 March 2014 by fuelfix

HOUSTON — Boosted by the galloping pace of tight oil operations, the United States produced a tenth of the world’s oil at the end of last year, the Energy Information Administration reports. The shale boom has given the U.S. a production rate not seen since 1988, as tight oil replaced declining production in conventional fields. Almost two-thirds of U.S. tight oil comes from South Texas’ Eagle Ford and North Dakota’s Bakken shales.

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