U.S. shale is expected to expand oil production by millions of barrels per day in upcoming years, the federal government anticipates. Globally, shale oil production, led by the U.S. is expected to double by 2040, the Energy Information Administration said :
"United States tight oil production, which reached 4.6 million b/d in March 2015 but fell to 4.1 million b/d in June 2016, has proven more resilient to low oil prices than many analysts had anticipated. U.S. tight oil production is expected to reach 7.1 million b/d in 2040 ..."
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