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The U.S. has ramped up oil production so dramatically that it's joined Saudi Arabia and Russia as one of the world's largest producers. Just glance at the chart below.
Since this surge began in 2008, American production rocketed from 5 million barrels a day to nearly 10 million barrels a day at the high point last year.
More importantly, oil analysts confidently predicted that a tide of benefits would flow as freely as the oil now coming out of the ground.
There Is a Strong Smell of Oil in the Air
