Will the United States be the top oil producer in 2013?
Yes, according to British oil giant BP (BP -0.02%). The company's Energy Outlook for 2030 report projects that the U.S. will move past Saudi Arabia and Russia this year in terms of energy liquids production. That's crude oil and biofuels. And the U.S. is likely to hold on to that position for 10 years until 2023.
The reason for the production gains is the emergence of "tight oil," which is how the industry terms what's coming from shale deposits such as the Bakken shale in North Dakota and Montana as well as in Texas and Louisiana.
Last edited by olivant; 07/05/1305:30 PM.
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