Oil Boom Shifts The Landscape Of Rural North Dakota

The American Petroleum Institute’s latest statistics for US crude oil production show output for the month of August at its highest level in a quarter of a century. Production averaged more than 7 million barrels per day in August for the tenth consecutive month, according to API.

“U.S. crude oil production in August increased by 1.2 percent from July and was up 20.3 percent from August 2012 to nearly 7.6 million barrels per day–the highest output for the month in 25 years,” said API.

And as domestic production has risen, imports have fallen.

“U.S. total imports were below 10.0 million barrels per day for the fifth time this year, averaging at just over 9.8 million barrels per day in August. This was the lowest level for the month in 18 years, since 1995,” API said.