The Energy Information Administration recently released data that show oil production in Texas reached 2.7 million barrels per day in September, the highest on record in the U.S. since 1981. Experts attribute this growth to the surge in production in the state's Eagle Ford Shale and Permian Basin. "That production surge has to be one of the most significant increases in oil output ever recorded in the U.S. over such a short period of time," said economist Mark Perry.

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