EIA Forecasts Growth in U.S. Crude Oil Production Despite Lower Prices

The EIA has projected that U.S. crude oil production will grow in 2015 despite the recent price decline. On December 12, 2014, the Energy Information Administration (EIA) released a report forecasting that U.S. crude oil production will continue to grow in 2015 despite the potential for weaker production levels due to the recent price decline.…