NEW YORK (CNNMoney) -- The American oil industry may be on the cusp of an incredible revival.
Following a painful war with OPEC, U.S. oil output is poised to rebound this year, thanks to healthier prices and a strengthened business model.
That could set the stage for America to set a record-breaking 2018, taking out the all-time oil production high set in 1970, according to new forecasts published this week by the U.S. Energy Information Administration.
The U.S. oil comeback
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