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Back to the future for US oil as it changes dynamic

New outlooks are transforming the US energy market, with many more shifting boundaries set to come

It’s a little-known fact that shows the changing dynamic of US oil supply as it strives to regain the elusive energy autonomy it has craved for more than half a century. In January, North Dakota overtook California as the third-largest oil producing state and is fast closing on second-place Alaska. North Dakota has been producing oil for almost a century, but never in such quantities. The state oil and gas commission said production topped 546,000 barrels a day (b/d) in the opening weeks of the year, up some 11,000 b/d from December 2011. At that rate, North Dakota is on track to meet or exceed last year’s 35% production increase, virtually all of it from the Bakken. Pipeline operator Enbri

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