[ckilmer]

the U.S. Energy Information Administration said the country will produce 8.46 million barrels per day of crude oil in 2014, compared to 8.37 million barrels a day in the April forecast. For next year, the EIA estimates production of 9.24 million barrels a day of oil, up from 9.13 million barrels a day in previous forecasts.
.................
I thought the EIA had figured in industry estimates of rising oil production in the gulf of mexico. but maybe not.

[Ken522]

In 2015, the United States will record its highest production since 1972

... so gasoline will drop below $1 a gallon?? Sure ...