US unseats Russia, Saudi Arabia as world’s top oil producer

US unseats Russia, Saudi Arabia as world’s top oil producer

The US Energy Information Administration said Wednesday that preliminary estimates indicate the US has ’likely surpassed’ Russia in June and August as the world’s biggest oil producer. US output in June and August is estimated at nearly 11 million barrels per day. The surge is attributed to the US shale oil boom with Texas as the epicenter. Earlier this year, the US vaulted above Saudi Arabia.

KCooper
KCooper
Voin
Voin 1 year

Record low unemployment & hunger, record high median income, #1 oil producer - we are just winning *all* the wins this week! :D 🇺🇸

Voin
Voin 1 year

"Our beautiful, oil industry, it's gonna be YUGE, the biggest & best in the world, bigger than Saudi Arabia." - God-Emperor Trump, probably

Oliver Biscuit
Oliver Biscuit 1 year

Congratulations USA 😊 Hopefully you guys can send some surplus gas up here to Canada so we do''t get bent over at the pumps so badly 1.5//L x 3.785 = 5.6//gallon in some places.

Alex Stovall
Alex Stovall 1 year

MAGA

nate hall
nate hall 1 year

Energy independence is the biggest safe guard to the US, economically and militarily. If we tap into Alaska we will be an absolute juggernaut.

P    S
P S 1 year

can we get some cheaper gas now please?

Eps12
Eps12 1 year

If only us Australians had President Donald Trump, he might not be the greatest person but he is doing wonders for America.

FirstCensorshipThenJail
FirstCensorshipThenJail 1 year

Ban Oil Kingdom oil and the CIA from any and all contact with said Oil Kingdoms. Then we can talk about winning.

Chibi
Chibi 1 year

As good as this is, we still need to move towards cleaner energies.

Parker
Parker 1 year

so we can get out of the middle east now??? please?

Mr. Sir
Mr. Sir 1 year

Left Shark, I applaud you for applying skepticism and stating unpopular facts. I hope you keep digging deeper and ask critical questions like “why?” And “how?” I hope that you will dig deep enough to realize virtually all the problem you stated cannot be solved by government intervention, and any solution involving government can be better enforced via free market solutions. If so, I hope we can have more fruitful discussions going forward. If not, it just means you just lack imagination and I pity you.

Lover
Lover 1 year

This needs to be the American rallying cry to abandon Middle East oil exploits and withdraw our interest in that entire area.

Dave
Dave 1 year

BREAKING NEWS: America invades Texas looking for WMDs.

Opher Simani
Opher Simani 1 year

I guess we will see dropping gas prices. Make Americans pay $0.75 per gallon again. If he can do that then I'll definitely vote for him.

Parker
Parker 1 year

fracking secured the W

Small town conspiracy 1776
Small town conspiracy 1776 1 year

And why are we worried about oil over seas?

Occam’s lazer
Occam’s lazer 1 year

I bet...in Odessa Texas there’s pump jacks in parking lots and in the green spot in the highway interchange clovers. Beautiful sight Hell I fracked 3 sites in eastern Fort Worth (like inside the city)

James Smullins
James Smullins 1 year

Russia is easy to unseat, their oil costs more to get out of the ground and shipped due to location. If oil is below $100 a barrel they lose money and it hurts their entire economy. The middle east oil supply is being depleted. Dubai knew this and has about twenty years left, that's why they have been working so hard to shift their nation into a millionaire playground. America sat on our oil reserves for a long time and have at least 100 years worth of oil still in the ground. Long term we already won the energy war. When those middle east oil nations start running low we get to change the current agreement on how oil is shared in the global oil pool.

TheFourth Percent
TheFourth Percent 1 year

and adopt a better healthcare system

Evolved Ape
Evolved Ape 1 year

I would prefer 100 years from now all the ice on earth be melted than starve today.

Top in Business
Get the App