U.S. oil production hit the highest quarterly level in 14
years in the first three months of 2012, the government said
last week, as technologies including hydraulic fracturing, or
fracking allow drillers access to vast new reserves.
America's changing energy fortunes call for more support of
domestic oil and gas production, and possibly an eventual shift
in U.S. energy export policy, American Petroleum Institute
President Jack Gerard told Reuters in an interview.
"It's a serious consideration as we continue to produce more
and more in this country," Gerard said at API's Washington D.C.
office.
Rising US crude output may open door to exports-API head - Chicago Tribune
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