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Sabotage Hurting Oil Production
Attacks on oil infrastructure from a group called the Niger Delta Avengers has pushed oil production, which accounts for 70 percent of government revenue, to historic lows.
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Slowing Oil Production Decline
Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines.
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Crude oil prices are as much as $11/barrel higher than projections made earlier this year.
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This amount is separate from federal gas taxes and is having an impact on funding for many state transportation projects.
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