The Main Reason Oil Is Going To Go Down

The amount of crude oil produced in the U.S. increased to 6.852 million barrels per day during the first week of December according to data released today by the Department of Energy.  That level of production is an increase of almost 17% from the same week last year, and is the highest amount of oil produced in the U.S. in any week since late January 1994, almost 19 years ago.

http://www.aei-ideas.org/2012/12/energy-chart-of-the-day-oil-production-during-the-first-week-of-december-is-the-highest-in-almost-19-years/