U.S. Crude Oil Production Exceeds Net Imports

An EIA report shows that U.S. monthly crude oil production in October 2013 exceeded net imports for the first time in two decades. On November 13, 2013, the Energy Information Administration (EIA) released its Short Term Energy Outlook, showing that U.S. monthly estimated crude oil production averaged 7.7 million barrels per day (bbl/d) in October,...