U.S. #1 in Petroleum Production for Seventh Consecutive Month
From Carpe Diem:
2. The Energy Information Administration (EIA) released new data this week
on international energy production for the month of May. For the
seventh consecutive month starting last November, “Saudi America” was
again the No. 1 petroleum producer in the world in May, and the US produced more petroleum products (crude
oil and other petroleum products like natural gas plant liquids, leased
condensate, and refined petroleum products) at 12.06 million barrels
per day (bpd) than No. 2 Saudi Arabia at 11.53 million bpd (see chart
above). Starting in around 2009, revolutionary drilling technologies
started accessing oceans of shale resources in America, which launched
the US to become the world’s No. 1 petroleum producer by the end of
2012....
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