U.S. OIL PRODUCTION KEEPS SLIPPING

First half 1992 U.S. oil production slid to its lowest point in 30 years, the American Petroleum Institute reports. Production averaged only 7.236 million b/d, down 3.3% from 7.485 million b/d in the same period a year ago and the lowest level since 1961. Of the 250,000 b/d drop, two-thirds occurred in the Lower 48 and the rest in Alaska's Prudhoe Bay field. Because of sluggish demand and some temporary market factors, oil imports were virtually unchanged from the same period a year ago at

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