Roger Anghis posted an update September 13, 2018 12:51 pm
Guess Who’s The World’s Largest Oil Producer Now
President Donald Trump’s America First energy policy has catapulted the United States to the world’s largest global crude oil producer, according to the Energy Information Administration(EIA).
EIA’s Short-Term Energy Outlook (STEO) report states preliminary estimates show the U.S. feasibly overtook Saudi Arabia and Russia to become the top crude oil producer earlier this year. The report notes U.S. crude production in February outstripped Saudi Arabia’s for the first time in over 20 years. Further, U.S. crude production in June exceeded Russia’s crude oil output for the first time since February of 1999.
EIA data signals the U.S. will maintain its position as the world’s largest global crude oil producer through 2019.
“U.S. crude oil production, particularly from light sweet crude oil grades, has rapidly increased since 2011. Much of the recent growth has occurred in areas such as the Permian region in eastern Texas and western New Mexico
Read more here: https://constitution.com/trump-effect-guess-whos-the-worlds-largest-oil-producer-now/