US Set to Surpass Saudi Arabia as World’s Largest Oil Exporter
By Ivan Pentchoukov
March 10, 2019 Updated: March 10, 2019
The United States soon will export more oil than Saudi Arabia, becoming the world’s largest oil exporter for the first time in 60 years, according to projections by research firm Rystad Energy.
The boom in oil, liquid natural gas, and other liquid energy exports will last for years and be enough to erase America’s foreign debt and trade deficit, according to Per Magnus Nysveen, a senior partner at Rystad Energy.
Rystad forecasts that the United States will export more oil than Saudi Arabia by the third quarter of this year. The remarkable turnaround is being made possible by the growing production of shale oil and increased capacity for oil exports from the United States’ Gulf Coast, according to Rystad.
https://m.theepochtimes.com/united-states-to-surpass-saudi-arabia-and-become-worlds-largest-oil-exporter_2831829.html