With oil technology developing rapidly and the Trump Administration signaling to investors being pro domestic energy, 2018 maybe a year for record production.
Here’s more from cnsnews.com:
According to the Energy Department, U.S. production rose to an average of 8.8 million barrels a day in the fourth quarter after dropping below 8.7 million barrels in the third quarter. The department forecast increases to 9.2 million barrels a day this year and 9.7 million — a possible record — in 2018 in a market outlook issued Tuesday.