Energy
United States To Be The #1 Producer Of Petroleum In The World

So why is gas still so crazy expensive in America?
So, ok…if the United States really is producing more petroleum that Saudi Arabia, why then is gas still stuck at $3.30 per gallon on average nationwide? You would think that at the very least it would drop down to around $1.84 that is was in 2008, when Obama became president. Oh wait, I just answered my question. Never mind.
But before you start jumping up and down for joy that America is the world’s #1 petroleum producer, look at how much people in these countries are paying per gallon:
- Iran – $0.47 per gallon
- Saudi Arabia – $0.78 per gallon
- Kuwait – $0.88 per gallon
- Iran – $0.47 per gallon
The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector.

The US industry has been transformed by the shale revolution, with advances in the techniques of hydraulic fracturing and horizontal drilling enabling the exploitation of oilfields, particularly in Texas and North Dakota, that were long considered uncommercial.
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, according to the International Energy Agency, the watchdog backed by rich countries.
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.
