EIA foreacsts US production at 7.3 million barrels per day in 2013 compared to 6.4 mbpd in 2012. That will rise to 7.9 mbpd in 2014.
They also see a 2.4% rise in non-OPEC oil over that time.
Overall, it sounds bearish for oil but the growth and consumption in developing countries will likely outpace these projections. A main effect might be an improving US trade balance, especially if manufacturing continues to improve.
