After Overtaking Saudi Arabia, US Seen As Largest Oil Producer

摘要

The U.S. will remain the world’s biggest oil producer in 2014 after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said recently. U.S. production of crude oil, along with liquids separated from nat- ural gas, surpassed all other countries this year with daily output ex- ceeding 11 million barrels in the first quarter, the bank said in a report today. The country became the world’s largest natural gas producer in 2010. The International Energy Agency (IEA) said in June that the U.S. was the biggest producer of oil and NGL.