Petroleum and natural gas production in the United States jumped by 16 percent and 12 percent, respectively, in 2018, setting new production records and placing the United States as the world’s single largest producer of oil and natural gas, the Energy Information Administration (EIA) said on Tuesday.
The U.S. had already surpassed Russia as the world’s biggest natural gas producer back in 2011.
Last year, the United States beat Saudi Arabia to become the single largest petroleum producer, the EIA said, noting that “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases from a single country in history.”
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WNU Editor: If I said ten years ago that the U.S. would be the world's largest oil and gas producer in the world, I would have been laughed out of the room. The geopolitical impact of this cannot be underestimated.
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