Annual Energy Report Shows US Production Grows, While Global Demand Eases
This morning, BP (BP) released its annual Statistical Review of World Energy report which showed the United States saw production increase by 13.9% in 2012 to 8.9 million barrels per day. The company noted that "unconventional hydrocarbons" accounted for the surge in production as fracking and horizontal drilling techniques have made certain reserves more economically accessible.
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