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Posted Mon Jul 28 2014: from DeSmog Blog:
U.S. Becomes Biggest Oil Producer After Overtaking Saudi Arabia
Is President Obama's "all of the above" energy policy a success? Or a climate failure? A report issued recently by Bank of America declared the U.S. has now surpassed Saudi Arabia as the world's largest oil producer. The daily output average for the first quarter of 2104 exceeded 11 million barrels, a significant increase from the previous quarters' (Sept-Dec 2013) average of 7 million barrels, according to the International Energy Agency. The expansion of domestic oil production in the U.S. has been significant under President Obama, supported by his "all of the above"--or rather the American Petroleum Institute's "all of the above"--energy strategy which has overseen a four-fold increase in drilling rigs under his administration.
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