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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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