ENERGY - 7 Reasons Why Oil Prices Won't Plunge

The United States is in the midst of a miraculous supply boom that has seen domestic oil output soar by more than 1 million barrels per day in the past year to the highest levels in decades. U.S. oil output is now at 6.5 million bbl per day, in third place after Saudi Arabia and Russia (both at roughly 9.8 million bpd). And the growth shows no sign of slowing down.

http://www.forbes.com/sites/christopherhelman/2013/04/29/7-reasons-why