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Oil output from fracking continues to steadily grow in the US, projected to reach record high

The U.S. Department of Energy and the Energy Information Administration (EIA) reported this month that oil output from U.S. shale oil drillers is continuing to grow, and will reach over 6.5 million barrels of output per day in February. The agencies stated that Shale drilling, commonly referred to as fracking, is “driving the recovery in U.S. oil production following a prolonged slump in oil prices.” The EIA predicts that 2018 will be the highest annual average on record of U.S. oil output; in 2019, the EIA “expects American [oil] production… [to be] on par with Saudi Arabia and Russia’s output.”

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