The price of petroleum and crude oil has hit a new record high, as the US government announced that the nation’s domestic production rose by almost 100,000 barrels a day in September.
In its statement, the government said that “the US domestic oil and natural gas production increased by more than 100,800 barrels a month in September.”
That’s an increase of more than 10% over the previous month, according to Energy Information Administration (EIA) data.
That’s up from September, when the nation produced 1.6 million barrels a week, according the agency.
The US Energy Information Agency says the US oil and gas industry has expanded by more the last five years, averaging more than 9,000 new wells each month, but the number of rigs drilling in the oil and oil sands is only a fraction of what it was in the early 2000s.
The oil and the natural gas boom has been fueled by soaring prices for oil and coal, as well as shale gas.
While the US energy sector is producing more oil and more gas than it did in recent years, oil and fracking has been the main driver of that boom.
The shale gas boom in the US has been a boon to both.
In December, the US had more shale gas than any other country, with the US alone producing about half of the world’s reserves.
And while US shale gas is producing at a rate of 5.2 million barrels per day, it’s only 1.2% of the nations total oil and 2.3% of its natural gas reserves.
In September, the EIA reported that US oil production fell by 1,600 barrels per month in the third quarter, which is the lowest in three years.
In November, oil production in the country dropped by 1.4 million barrels, the largest decline in four years.
And in September, oil fell by almost 10% compared to the same month in 2016, and fell by nearly 7% in January.
“As of September 2017, the domestic oil production was down by more 2.9 million barrels of oil a day, and gas production was almost down by 4.7 million barrels,” EIA said.
“The U.S. is still the world leader in producing oil and crude in the form of crude oil, natural gas, and bitumen, but it is now the world leading producer of natural gas in the use of fracking.”
production of natural gasoline has also dropped, as has the countrys overall oil output.
The US has not produced natural gas since 2013, but that is changing.
Last week, President Donald Trump signed an executive order that allows the Department of Energy (DOE) to accelerate the drilling and fracking process for oil shale and other gas reserves, a move that could bring US oil output back to where it was before the Obama administration cut back.
The Trump administration is also looking to expand its fracking capabilities in other ways, such as using water and other unconventional drilling techniques.
The president said that it was his desire to bring oil and other resources back to the United States.
The administration’s shale drilling program is aimed at expanding the amount of oil being produced in the United State and is intended to generate jobs in the energy sector.
But it has also drawn criticism from environmentalists who worry that the Trump administration may be allowing companies to drill in areas with too much water and chemicals.
“While the administration’s new fracking program may not be perfect, it does represent a first step toward a clean energy future,” the Center for American Progress wrote in a recent report.
The Obama administration also said it would increase the production of oil shale in a bid to revive the oil industry and create jobs.
In a statement last week, the Trump transition team said the new fracking rules were meant to bring jobs back to America and promote the US economy.
“Energy independence is a necessity for a thriving economy, and the new shale oil and shale gas rules are a step in the right direction,” said Michael Froman, Trump’s energy adviser.
“President Trump is committed to bringing energy independence back to our country by making sure that the United Kingdom, France, Germany, Canada, and elsewhere benefit from the jobs created by shale oil production.”
But many industry experts have called for a new round of oil production restrictions.
In a recent op-ed, The American Petroleum Institute wrote that “it is not sufficient to merely ‘reduce’ oil production.
We should also increase restrictions on existing drilling sites,” the group wrote.