NORTH AMERICA

US eyes top dog position

THE US is on track to produce over 10 million barrels of oil per day early this year, a milestone it has not reached since 1970, and it is on track to hit an all-time high of 11MMbopd by 2019, according to the nation’s Energy Information Administration.

US eyes top dog position

Little wonder cash-strapped Australian oilers, fed up with the difficulties and costs of finding oil and gas Down Under, continue to be lured away to the promise of riches in areas such as Texas and Louisiana....

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