Chart of the Day: Vienna! This Means Nothing To Me

Economist

Richard Iley

Macroeconomics

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<p>Long anticipated, <a href="https://www.eia.gov/petroleum/" target="_blank">the US Energy Information Administration (EIA) confirmed last night</a> that <strong>US crude oil output reached all-time highs late last year,</strong> surpassing the previous record set way back in December 1970. Revisions now show that crude production reached 10.057 million barrels per day in November, before dipping back slightly to just below 10 million barrels per day in December. The US is now neck-and-neck with Saudi Arabia as the world's largest oil producer. </p>
<p>Make no mistake: this is a…</p>
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Long anticipated, the US Energy Information Administration (EIA) confirmed last night that US crude oil output reached all-time highs late last year, surpassing the previous record set way back in December 1970. Revisions now show that crude production reached 10.057 million barrels per day in November, before dipping back slightly to just below 10 million barrels per day in December. The US is now neck-and-neck with Saudi Arabia as the world's largest oil producer. 
Make no mistake: this is a…


Chart of the Day: Record Breaker