US Sees Largest Single-Year Increase in Oil Production
Thanks to fracking
A report has revealed that 2012 saw the largest single-year increase in US oil production ever recorded.
US production grew due to an increase in techniques such as fracking, a method for extracting shale oil and gas, the report by oil giant BP said.
Overall, global energy consumption grew by 1.8% in 2012, a smaller increase than in 2011. China and India accounted for almost 90% of that growth.