The news couldn’t be better for America. Media outlets across the globe are reporting on a recent International Energy Agency analysis that shows the United States surpassing Russia as the world’s top oil and natural gas producer. The International Business Times reports that the shift results from “the rapid rise in production from shale formations”—or hydraulic fracturing—in the United States:
With shale-gas fracking gathering pace, the United States is slowly overtaking Russia as the world's largest oil and gas producer.
The oil and natural gas output in the US in July was equivalent of about 22 million barrels per day, compared with Russia's forecast of 21.8 million barrels a day of oil and natural gas in 2013, the Wall Street Journal reported.
The US advance was mainly owing to the adoption of technologies such as hydraulic fracturing, or "fracking", while Russia lagged behind in this area, though it has some of the world's largest oil-bearing shale formations.
The US output of natural gas in 2012 was higher than Russia's output, a first instance since 1982, the report said, citing data from the International Energy Agency … Read more here.
Energy Citizens knows what this means in terms of economic growth, energy independence, and job creation right here at home. That’s why we’re doing all we can to tell our elected officials to support America’s energy producers and use the abundance of oil and natural gas we have available to us in a responsible way. Visit our citizen action center to learn what you can do to lend your voice to this effort and support energy production in your state and across the county!