Domestic Oil Production Rising
February 02 2012 - 6:30AM
Marketwired
In a recent Seeking Alpha article titled, "North American Oil
Production on the Rise," it is outlined that "American production
is undergoing a renaissance." This could translate to higher
production from major domestic companies such as Chesapeake (CHK)
and Linn Energy (LINE) as well as smaller exploration companies
like AER Energy Resources (PINKSHEETS: AERN) and Double Eagle
Petroleum (DBLE).
Released yesterday by Bloomberg News, an Article by Peter
Orszag, Vice Chairman or Global Banking at Citigroup ©, explains
further the information pointing towards the US expanding domestic
production. The article points out The Energy Information
Administration estimates on the rise of domestic production from
5.5 million barrels a day to 6.7 million by 2020.
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