United States may have reached peak oil production

Oil production in the United States has been significantly increasing every year since 2008, and that increase has contributed to an international supply glut.

The Wall Street Journal reports the country might have finally reached peak production, according to recent data.

Rapid increases in supply have contributed to plummeting oil prices, and the low prices have led producers to slow drilling activity. The WSJ report says that according to the U.S. Department of Energy, two of the nation’s largest…