U.S. Expected to Be World’s Largest Producer of Petroleum and Natural Gas This Year

U.S. Energy Information Administration

The U.S. Energy Information Administration estimates that a U.S. will be a world’s tip writer of petroleum and healthy gas hydrocarbons in 2013, leading Russia and Saudi Arabia. For a U.S. and Russia, sum petroleum and healthy gas hydrocarbon production, in energy calm terms, is roughly uniformly separate between petroleum and healthy gas. Saudi Arabia’s production, on a other hand, heavily favors petroleum.

production

Source: U.S. Energy Information Administration
Note: Petroleum prolongation includes wanton oil, healthy gas liquids, condensates, refinery estimate gain, and other liquids, including biofuels. Barrels per day oil homogeneous were distributed regulating a acclimatisation cause of 1 tub oil homogeneous = 5.55 million British thermal units (Btu).

Since 2008, U.S. petroleum prolongation has increased 7 quadrillion Btu, with thespian expansion in Texas and North Dakota. Natural gas prolongation has increased by 3 quadrillion Btu over a same period, with most of this growth entrance from a eastern U.S. Russia and Saudi Arabia any increasing their total hydrocarbon outlay by about 1 quadrillion Btu over a past 5 years.

Comparisons of petroleum and healthy gas prolongation opposite countries are not always easy. Differences in appetite calm of wanton oil, condensates and healthy gas constructed via these countries make accurate conversions difficult. There are also questions per a inclusion of biofuels and refinery benefit in the calculations. Total petroleum and healthy gas hydrocarbon prolongation estimates for a U.S. and Russia for 2011 and 2012 were roughly equivalent—within 1 quadrillion Btu of one another. In 2013, however, a prolongation estimates dilate out, with a U.S. approaching to outproduce Russia by 5 quadrillion Btu.

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