SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
US Set to Zoom Past Saudi Arabia As Number One Oil Producer
Thanks to "shale revolution," US liquid petroleum production booming, Financial Times reports
Sep 30, 2014
The United States is expected to overtake Saudi Arabia as the number one liquid petroleum producing nation in the world for the first time in over two decades, thanks to America's fracking boom, Financial Times reported Monday.
According to journalists Ed Crooks and Anjli Raval, this could happen as soon as "this month or next."
The article cites information from the International Energy Agency, which shows that "US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day." The article argues, "With US production continuing to boom, its output is set to exceed Saudi Arabia's this month or next for the first time since 1991."
The explosion is largely due to a "shale revolution," explains the article, referring to the controversial practice of extracting oil from shale using a process of hydraulic fracturing, or fracking.
Organizations and communities across the U.S. have pushed for a ban on this extraction method, due to its role in destabilizing the climate, devastating residents near fracking sites who suffer cancer and disease from water and air pollution, marring natural landscapes, and killing wildlife.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. Will you donate now to help power the nonprofit, independent reporting of Common Dreams? Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. - Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Sarah Lazare
Sarah Lazare is the editor of Workday Magazine and a contributing editor for In These Times. She is a former Staff Writer at Common Dreams. She comes from a background in independent journalism for publications including The Intercept, The Nation, and Tom Dispatch.
The United States is expected to overtake Saudi Arabia as the number one liquid petroleum producing nation in the world for the first time in over two decades, thanks to America's fracking boom, Financial Times reported Monday.
According to journalists Ed Crooks and Anjli Raval, this could happen as soon as "this month or next."
The article cites information from the International Energy Agency, which shows that "US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day." The article argues, "With US production continuing to boom, its output is set to exceed Saudi Arabia's this month or next for the first time since 1991."
The explosion is largely due to a "shale revolution," explains the article, referring to the controversial practice of extracting oil from shale using a process of hydraulic fracturing, or fracking.
Organizations and communities across the U.S. have pushed for a ban on this extraction method, due to its role in destabilizing the climate, devastating residents near fracking sites who suffer cancer and disease from water and air pollution, marring natural landscapes, and killing wildlife.
Sarah Lazare
Sarah Lazare is the editor of Workday Magazine and a contributing editor for In These Times. She is a former Staff Writer at Common Dreams. She comes from a background in independent journalism for publications including The Intercept, The Nation, and Tom Dispatch.
The United States is expected to overtake Saudi Arabia as the number one liquid petroleum producing nation in the world for the first time in over two decades, thanks to America's fracking boom, Financial Times reported Monday.
According to journalists Ed Crooks and Anjli Raval, this could happen as soon as "this month or next."
The article cites information from the International Energy Agency, which shows that "US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day." The article argues, "With US production continuing to boom, its output is set to exceed Saudi Arabia's this month or next for the first time since 1991."
The explosion is largely due to a "shale revolution," explains the article, referring to the controversial practice of extracting oil from shale using a process of hydraulic fracturing, or fracking.
Organizations and communities across the U.S. have pushed for a ban on this extraction method, due to its role in destabilizing the climate, devastating residents near fracking sites who suffer cancer and disease from water and air pollution, marring natural landscapes, and killing wildlife.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.