U.S. oil reserves continue rising, surpass 36 billion barrels for first time since 1975
U.S. crude oil and lease condensate proved reserves rose for the fifth consecutive year in 2013, increasing by 9% over 2012 to 36.5 billion barrels, according to the U.S. Crude Oil and Natural Gas Proved Reserves, 2013 report released today by the U.S. Energy Information Administration (EIA). U.S. crude oil and lease condensate proved reserves surpassed 36 billion barrels for the first time since 1975….Read More