The Energy Information Administration released new data today on international energy statistics for the month of January. For the third straight month, total petroleum production (crude oil and other petroleum products like natural gas plant liquids, leased condensate and refined petroleum products) in “Saudi America” during the month of January (11.56 million barrels per day) exceeded petroleum production in Saudi Arabia (10.85 million barrels per day). Also for the third month in a row, “Saudi America” took the top spot in January as the No. 1 petroleum producer in the world. The last time that the US produced more petroleum than Saudi Arabia was back in August 2002, more than ten years ago (see chart above).
Wednesday, August 20, 2014
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