The boom in U.S. oil drilling hasn’t lowered gas prices

WashingtonPost.com →

Last year, the world  pumped more oil out of the ground than ever before in history. In the first nine months of 2012, the world produced an average of 88.8 million barrels per day, about 2 million more barrels per day than in 2010. Nearly half of that increase came from new drilling in the United States.