November 8, 2011

US May Become Top Oil Producer With Shale Oil

US may become top oil producer in the world with shale oil.

Per Aubrey McClendon of ChesaPeake via WSJ
The U.S., now the number-three producer, could reclaim the title of number-one oil producer in the world.
The shale gas and shale oil boom is happening in the US and Canada first as the infrastructure for producing and shipping shale products is well developed. The same developments have started in other countries.

The top oil producers in 2009, per EIA

(Million barrels per day)

Russia    9.9
Saudia Arabia    9.8
USA    9.1
Iran    4.2
China    4.0