|Rank||Country||Oil Production in July (Barrels/day)|
As I reported last week, Texas produced 2.726 million barrels of oil per day (bpd) in September, and is on track to surpass 3 million bpd in early 2014, and then surpass 4 million bpd in the spring of 2015. With those projected increases in Texas oil output, the Lone Star State could soon surpass Kuwait, UAE, Iraq, Iran and even Canada to move up in the international oil production rankings to become the world’s No. 5 or No. 6 oil producer within the next few years.
“Saudi Texas” continues to be the shining star of The Great American Energy Boom.