U.S. oil industry set to break record, upend global trade

U.S. and Global Economy

U.S. economy - oil rigs

U.S. oil industry set to break record, upend global trade Liz Hampton8 MIN 

(Reuters) – Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo 

 Source: U.S. oil industry set to break record, upend global trade

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