Fresno Bee | American Oil Production Is Still Skyrocketing: Will Oil Prices Tumble? Motley Fool With oil prices having dropped by roughly 50% since last summer, U.S. oil companies have quickly reduced their investment plans and idled drilling rigs. Many pundits have assumed these actions would quickly be followed by falling production numbers. The US is Running Out of Oil Storage? The U.S. Oil Bust Just Got Worse Oklahoma oil storage complex nears operational capacity |