EIA projects $102 Brent crude averageAgency says US crude production could reach 10 million bpd by 2040 under one assumption, including undiscovered Alaska resources Kristen Nelson Petroleum News
The U.S. Department of Energy’s Energy Information Administration expects U.S. crude oil production to rise from an average of 6.5 million barrels per day in 2012 to 7.3 million bpd this year and to 8.1 million bpd in 2014, the agency said in its June Short-Term Energy Outlook.
But EIA said in a se....
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Current production increase
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