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A drilling rig is seen northwest of Belfield on Dec. 5.

EIA: Shale boom could bring record US oil output in 5 years

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NEW YORK — U.S. crude oil production, rejuvenated by the advent of “fracking” shale formations, will approach historic highs by 2019, the Energy Information Administration said Monday, raising its forecast to levels that would have been unforeseen just a few years ago.

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