The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields.This should have been the lead story on every news program. Consider that it was in 2004 that Harold Hamm combined the techniques of horizontal drilling and hydraulic fracturing in the Bakken Shale and in 10 year the US is the world leader in combined gas and oil. Next year it will be the world's number 1 oil producer.
U.S. oil production rose to a record 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 climbed, putting America ahead of Russia as a producer of the hydrocarbons combined.
Thursday, June 11, 2015
The US is number 1 in oil-gas production