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U.S. World’s Largest Producer of Oil & Gas

Posted on 16 July 2014

Recent reports have confirmed that the US is now the world’s largest producer of crude oil with output exceeding 11 million barrels per day in the 1Q of this year. This surpasses the daily oil production of Russia and Saudi Arabia.
This is the first time in over 40 years that the US has once again become the largest producer of oil in the world – and this is despite the Obama administration’s continued ban on new drilling for oil in our coastal waterways………………………………………..Full Article: Source


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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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