U.S. Oil Extraction to Surpass Saudi Arabia’s This Year

HeadlineJan 30, 2018

The International Energy Agency says U.S. oil extraction is expected to surge this year, with the U.S. expected to surpass Saudi Arabia and rival Russia in terms of overall production. The surge in U.S. oil extraction comes as the Trump administration has moved to loosen drilling regulations and open up millions of acres of waters to offshore drilling.

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