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The United States is Now the Largest Global Crude Oil Producer

The federal government estimates the United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer.  In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999. Ten short years after all the so-called "smart money" was on Peak Oil Theory, which posited the world was running out of oil and global chaos would ensue as countries were plunged into economic turmoil and conflict as we waged war...

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U.S. About to Shatter Oil Production Records

Remember when the United States was seemingly about to run out of oil? In 2006, then-President George W. Bush declared the United States was "addicted to oil," and the impending shortcoming in oil supplies meant the U.S. must "break this addiction." Fast-forward 12 years and American oil producers are about to produce more oil than they ever have before. ...

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