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Vice President in Energy, TD Securities
US oil production rose 74 percent, from 5.4 million barrels per day in 2009 to 9.4 million barrels per day in 2015,[1] with shale oil driving more than 92 percent of the growth.[2] The rapid expansion of shale oil and gas production in the United States from 2009 to 2014 has been associated with a period of historically low interest rates and sustained high oil prices.
