US Becomes The Worlds Top Oil, Gas Producer

(Bloomberg.Com) The U.S. has taken Russia’s crown as the world’s biggest oil and natural-gas producer, illustrating the seismic shifts in the global energy landscape caused by America’s shale fields.

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U.S. oil production rose to an all-time high last year, gaining 1.6 million barrels a day, according to BP Plc’s Statistical Review of World Energy released on Wednesday. Gas output also rose, putting America ahead of Russia as a producer of the hydrocarbons combined.

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