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US Could Be World’s Largest Crude Oil Producer By 2014 On Surging Output.
Crude oil production in the United States surged to 7.745 million barrels per day last week, according to the latest data from the Energy Information Administration. If production rises another 20 percent in 2014, the U.S. could challenge Saudi Arabia and Russia as the world’s largest crude oil producer. According to the EIA, both countries are currently producing just below 10 million barrels per day.
