IPAA: U.S. OIL PRODUCTION TO DECLINE AGAIN NEXT YEAR
The U.S. is headed for a steeper decline in crude oil production next year. Production will average 7.1 million b/d, a slide of 3.7% from 1991. When all returns are in, the country's 1991 oil flow will average 7.3 million b/d, off only 0.2% from 1990. Meantime, total U.S. imports will rise to 8 million b/d, amounting to 47% of supply. That will be an increase from 1991's average of 7.7 million b/d, or 46% of supply.