First Titan Corp. (FTTN) Benefits from Projected Continuing Increases in U.S. Oil Production in 2014
First Titan, a company focused on the exploration and development of oil and natural gas holdings via its wholly owned subsidiary First Titan Energy, LLC, is benefitting from projections that have been made for increased U.S. oil production in 2014. According to the U.S. Department of Energy, the U.S. is producing 8.11 million barrels of oil a day, a strong outpacing of its oil production in 2012 of 5.50 million barrels a day. The last time domestic oil production levels had reached this high was 26 years ago, in 1988. Additionally, as a result of the discovery of shale oil,…