U.S. oil production in 2015 to be highest since 1972

U.S. crude oil production, rising steadily since 2008, is likely next year to hit its highest level since 1972.

Iraq’s output, despite unrest there, is expected to hold steady, according to a forecast Tuesday by the U.S. Energy Information Administration, according to USA Today.

“Texas and North Dakota now account for almost half of total U.S. oil production,” said EIA Administrator Adam Sieminski, noting Texas’ monthly oil output recently topped 3 million barrels per day for the first time since 1977 and North Dakota’s oil production hit a record 1 million.

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