U.S. ousts Russia as world's top oil, gas producer: BP Report

The U.S. has taken Russia’s crown as the world’s biggest oil and natural-gas producer, illustrating the seismic shifts in the global energy landscape caused by America’s shale fields. U.S. oil production rose to an all-time high last year, gaining 1.6 million barrels a day, according to BP Plc’s Statistical Review of World Energy released on Wednesday. Gas output also rose, putting America ahead of Russia as a producer of the hydrocarbons combined.

U.S. ousts Russia as world's top oil, gas producer: BP Report source: http://finance.yahoo.com/news/u-ousts-russia-worlds-top-090118951.html