EIA chief: U.S. crude production spike to be spurred by Gulf drilling

01/29/2012 | Platts

A sharp increase in U.S. crude oil production by 2020 will be spurred mainly by offshore production in the Gulf of Mexico and not onshore shale formations, said Howard Gruenspecht, acting administrator and deputy administrator of the Energy Information Administration. Production in the Gulf will increase as more energy companies restart drilling activities in the region, he said.

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