Record oil output with fewer rigs
The U.S. produces more crude oil than any other country, but the number of active oil rigs has fallen by nearly 70% since 2014, the Energy Information Administration reports. How can that be? The answer is a combination of innovation and financial pressure. Plus, the non-alcoholic beverage market booms, the U.S. Patent Office decides AI can’t be credited as an inventor and household debt burdens are on the rise.