Sunday, July 06, 2014

U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia

Oil pumps stand at the Chevron Corp. Kern River oil field in Bakersfield, California. (Credit: Ken James/Bloomberg) Click to enlarge.
The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia, as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said.

 U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia
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