Zoe Bollinger
Oct 15, 2014

US poised to become world’s leading liquid petroleum producer

US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries.

 

With US production continuing to boom, its output is set to exceed Saudi Arabia’s this month or next for the first time since 1991.

 

http://www.ft.com/intl/cms/s/0/98104974-47e4-11e4-be7b-00144feab7de.html#axzz3GFiGtuFE