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US Now World's Largest Oil, Natural Gas Producer

The United States became the world's largest oil producer in 2014, according to a report by the BP energy company. BP economist Spencer Dale credits the "shale revolution" for a surge in American oil production that helped U.S. producers "leapfrog" over Saudi Arabia. American output of natural gas and oil combined is now greater than that of Russia, the previous global leader. In a presentation to energy experts in Washington, Dale said we are witnessing a...

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