U.S. could become the world’s top liquid fuels producer, but how much does it matter?

Production increases in U.S. crude oil and other liquid fuels and the outlook for further growth have spurred speculation that the United States could surpass Saudi Arabia to become the leading global producer. Such growth could boost the U.S. economy and reduce global oil prices, but U.S. production is only one factor determining whether such a milestone might be reached. Regardless of rankings, Saudi Arabia will continue its unique and vital role in world oil markets.


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