Now here is something the left probably never wanted to be number one at.
Sep 12, 2018, 2:46pm CDT Updated 2 days ago Production in the nation’s shale basins has helped the U.S. surpass Russia and Saudi Arabia to become the world’s largest crude oil producer, preliminary figures from the Energy Information Administration show.
American exploration and production companies are now producing an estimated 10.9 million barrels of crude oil per day, according to the EIA’s latest Short-Term Energy Outlook report released on Wednesday. Based on preliminary data, EIA officials believe that crude oil production in the U.S. surpassed Saudi Arabia in February and surpassed Russia twice — once in June and again in August.
The figures mark the first time that domestic crude oil production has surpassed Saudi Arabia in more than two decades. Although the EIA does not publish crude oil production forecasts for Russia and Saudi Arabia, the agency expects that U.S. crude oil production will continue to exceed that of Russia and Saudi Arabia through 2019.
Oops, the energy denier crowd is not going to like that. The second part of the oil issue is why the rise in gas prices? Now that sanctions will be back on Iran, it will be another excuse for higher oil prices. Though when they dropped Iran sanctions, the only beneficiary was Iran and a few of its trading partners. Of course on the left they would enjoy sky high gas and energy prices. At least for the time being congrats to US anyway.