The latest long-term forecast from the U.S. Energy Information Administration (EIA) for domestic oil production has America on track to achieve the type of “energy dominance” long touted by President Trump.
It’s already commonly understood across the industry that domestic oil output – driven by persistent gains in the major shale plays – will continue to break records, including surpassing 11 million barrels per day before the end of this year. The big takeaway from the EIA report is that gains from tight oil are no flash in the pan.
