U.S. Could See Crude-Oil Production Records By 2016
December 17, 2013 at 14:35 PM EST
Will the price per barrel of oil be cheaper by the end of the decade? According to Ed Morse, head of commodity research at Citigroup (NYSE: C ) the price of a barrel could be $15 less than current levels by 2020. The U.S. is on track to reach records for