The Energy Information Administration (EIA) estimated in their latest Short-Term Energy Outlook released last week that the U.S. is now the largest global crude oil producer, likely surpassing Russia and Saudi Arabia.
In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the U.S. surpassed Russia in crude oil production for the first time since February 1999.
The Department of Energy (DOE) also announced that on Sept....
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