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U.S. Could See Crude-Oil Production Records By 2016
Tuesday, December 17, 2013 - 3:35pm | 424Will the price per barrel of oil be cheaper by the end of the decade? According to Ed Morse, head of commodity research at Citigroup (NYSE: C) the price of a barrel could be $15 less than current levels by 2020. The U.S. is on track to reach records for crude-oil production by 2016, which “will...