Despite Oil Downturn U.S. Ranks No. 1
June 7, 2017
Decreasing production in 2016 not enough to dethrone U.S. oil and gas industry.
Despite the lowest commodity prices in 13 years, U.S. oil and gas production in 2016 continued to outpace all other nations, according to a note from the EIA.
The United States has been first in the world in natural gas production since 2009, when American output surpassed Russia. U.S. production of “petroleum hydrocarbons” (a catch-all term the EIA uses to account for crude oil, condensate, bitumen, natural gas plant liquids, biofuels and others) exceeded that of Saudi Arabia in 2013...
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