Domestic Oil Production Rising

   In a recent Seeking Alpha article titled, "North American Oil Production on the Rise," it is outlined that "American production is undergoing a renaissance." This could translate to higher production from major domestic companies such as Chesapeake (CHK) and Linn Energy (LINE) as well as smaller exploration companies like AER Energy Resources (PINKSHEETS: AERN) and Double Eagle Petroleum (DBLE).

Released yesterday by Bloomberg News, an Article by Peter Orszag, Vice Chairman or Global Banking at Citigroup ©, explains further the information pointing towards the US expanding domestic production. The article points out The Energy Information Administration estimates on the rise of domestic production from 5.5 million barrels a day to 6.7 million by 2020.

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