TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Nation's oil reserves highest since 1976

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Friday, April 11, 2014, 12:01 a.m.
 

Crude oil reserves in the United States grew for the fourth straight year, reaching the highest level since 1976, according to an Energy Department report.

The report says reserves grew 4.5 billion barrels, or 15 percent, to 33 billion barrels in 2012. It was the biggest one-year jump since 1970. The nation consumed 6.9 billion barrels of crude-based fuels last year.

Horizontal drilling and hydraulic fracturing in North Dakota and Texas shale formations accounted for the vast majority of the increase.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. NASA head tells Pitt grads their generation will ‘walk the face of Mars’
  2. Man fatally stabbed in Braddock Hills
  3. Fire caused $75,000 in damage to Beltzhoover playground
  4. Rossi: Penguins’ best bet is on Martin
  5. From injuries to front office, Penguins’ season didn’t lack drama
  6. Spirit Airlines lifts fortunes of Arnold Palmer Regional Airport
  7. Aftershocks terrify survivors of quake in Nepal that killed 2,500
  8. Young defensemen make case for future with Penguins
  9. Rossi: Crosby, Malkin didn’t sign on for this
  10. High risk, reward with 1st-round quarterbacks in NFL Draft
  11. Crews battle 5-alarm fire at North Union industrial building