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Help cia US. Energy Information Administration + Sources & Uses * Topics + Geography P Search via gov O TODAY IN ENERGY HOME BROWSE BY TAD . PRICES ARCHIVE ABOUT GLOSSARY FAQS Email Updates FEBRUARY 10. 2012 RSS Feeds U.S. crude oil production forecast to rise in 2022 and 2023 to recard-high levels ! Facebook Twitter Monthly crude all production in the United States (2013-2023) million barrels per day STEO YouTube + Add us to your site Lower 40 now production Have a question, comment or legacy Lower 40 states (excluding Federal Offshore Gul of Mexico) Send your feedback to Federal Offshore Gull of Mexico 2013 2014 2016 32017 2018 2019 2020 2021 2022 2023 Archive 1. The US crude oil industry is a price-taker. Draw the correct models side-by-side which shows an individual firm and the market/ industry for perfect competition in the US crude oil industry. Include correct and complete labels. HINT: do not label the individual firm curve only 'D'--add the entire label. 4 pts. each graph. 2. Based on the visual, show the effect on the models you have drawn for question 1. 4 pts. each graph. 3. What is causing this effect? 4 pts. 4. Is this a reliable source? Explain. (This counts as one question) 4 pts