Oil Production Soars, Prices Fall, Water Contest Grows
The Department of Energy earlier this month reported that crude oil production in the United States climbed to 5.88 million barrels per day, the most since 1998. Meanwhile the share of oil demand taken up by imports is declining. After nearly three decades of steadily falling domestic production, the U.S. is now in the midst of an oil boom that is in its third straight year, with no sign of abating. Last night on the …