U.S. May Soon Become World’s Top Oil Producer

English: basic map of USA

English: basic map of USA (Photo credit: Wikipedia)

NEW YORK — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer.

Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.

The boom has surprised even the experts.

“Five years ago, if I or anyone had predicted today’s production growth, people would have thought we were crazy,” says Jim Burkhard, head of oil markets research at IHS CERA, an energy consulting firm.

Read more: http://www.pottsmerc.com/article/20121023/NEWS04/121029786/u-s-may-soon-become-world-s-top-oil-producer&pager=full_story

One comment on “U.S. May Soon Become World’s Top Oil Producer

  1. As long as the “green weenies” stay out of the way,we will be saying “F—K YOU” to the towelheads once and for all.Drilling for fossel fuels will create millions of much needed jobs for Americans.
    I’m looking forward to fueling my vehicles with AMERICAN fuel!
    DRILL,BABY,DRILL!!
    Screw the “green” energy,give me coal,oil and natural gas!
    Fossel fuels ROCK!!

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