U.S. to Top Saudi Arabia’s Oil Production

Saudi Arabia has long been known as the world’s most dominant producer of crude oil , as the Middle East is rich with deposits of this fossil fuel. But the growth and rapid development of U.S. crude output has us on pace to dethrone Saudi Arabia in the not-so-distant future. We are currently on pace to average 10.9 million barrels per day for 2012, marking a 7% growth from the prior year and the largest single year jump since 1951 [for more crude oil news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: The World’s 5 Largest Oil Consumers 25 Ways To Invest In Crude Oil Top 5 Global Oil Stocks by Market Cap How To Profit From The Gasoline Rally Examining Crude Oil’s Massive Dip