Peak Oil Update--U.S. Production Overtaking Imports

U.S. oil production is expected to have surpassed imports in March.

The amount of oil produced in the U.S., now at a 21 year high, is nearly even with the amount being imported, and the gap is narrowing.

... Andrew Lipow of Lipow Oil Associates expects the government data to show that U.S. production actually surpassed imports in March, when it releases its final March data at the end of the month.

The bottle-neck is distribution--that is, insufficient pipelines to transport the oil to refineries.