HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Trump renews fight with O... » Reply #4

Response to DonViejo (Original post)

Wed Jun 13, 2018, 09:42 AM

4. The United States is the top oil-producing country in the world,

with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the No. 1 spot, which it has held for the past four years running. The United States overtook Russia in 2012 for the No. 2 spot, and it surpassed former leader Saudi Arabia in 2013 to become the world's top oil producer. Much of the increased U.S. production is attributable to fracking in the shale formations in Texas and North Dakota. The United States has been a net exporter i.e., exports exceeded imports of oil since early 201

Read more: The World's Top Oil Producers of 2017 | Investopedia https://www.investopedia.com/investing/worlds-top-oil-producers/#ixzz5IJRiccFh
Follow us: Investopedia on Facebook

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.