Posted April 23, 2014
U.S. Was the World’s Largest Petroleum Producer in December for the 14th Straight Month
AEI Carpe Diem Blog: The Energy Information Administration (EIA) released new data yesterday on international energy production for the months of November and December 2013. For the 14th straight month starting in November 2012, total petroleum production (including crude oil and other petroleum products like natural gas plant liquids, lease condensate, and refined petroleum products) in “Saudi America” during the month of December at 13 million barrels per day (bpd) exceeded Saudi Arabia’s output at 11.65 million bpd (see chart above).
Also for the 14th month in a row starting November 2013, “Saudi America” took the top spot as the No. 1 petroleum producer in the world in December. As another way to put America’s rising petroleum production into perspective, the US produced more total petroleum products in December (13 million bpd) than the combined petroleum output of all of the countries in Europe, Central America, and South America (11.85 million bpd).
Bottom Line: This is more evidence that America’s shale energy revolution is taking us from “resource scarcity” to a new era of “resource abundance” as the US now consistently produces more petroleum products than Saudi Arabia, and for 14 straight months has led the world in petroleum production.
Read more: http://bit.ly/1tCrSJt
More industry news:
Texas Expected to Out-Produce All but One of the OPEC Nations This Year: http://bit.ly/1nGvR3r
Eagle Ford Touted as ‘Greatest Energy Success Story” http://bit.ly/1rmDegs
Oil and Natural Gas Industry Generates Thousands of Jobs in California, Report Finds: http://lat.ms/1lFWPH6
Chicago Tribune Editorial: Another Excuse to Stall the Keystone XL Decision: http://bit.ly/1mEREuQ
ConocoPhillips Cuts Truck Traffic on Eagle Ford Roads: http://bit.ly/QFkJbP
U.S. is Envy of the World in Energy Production: http://bit.ly/1ibQsx4
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.