Monday, June 15, 2026

Fed’s Kaplan: U.S. Oil Output Could Reach 11 Million Barrels a Day or More

By The Wall Street Journal Federal Reserve Bank of Dallas President Robert Kaplan said Thursday U.S. oil production has the potential to rise by more than 2 million barrels a day from current levels due to new finds, improved technology and already-productive fields. “Based on discussions with people in the industry U.S. oil production could get to in excess of, say, 11