{"id":301623,"date":"2024-02-13T13:23:21","date_gmt":"2024-02-13T12:23:21","guid":{"rendered":"https:\/\/climatescience.press\/?p=301623"},"modified":"2024-02-13T13:23:24","modified_gmt":"2024-02-13T12:23:24","slug":"how-fracking-helped-the-u-s-become-the-worlds-top-oil-producer","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=301623","title":{"rendered":"How Fracking Helped the U.S. Become the World\u2019s Top Oil Producer"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From OilPrice.com<\/a><\/p>\n\n\n\n

By\u00a0ZeroHedge\u00a0<\/a><\/p>\n\n\n\n

Over the last decade, the United States has established itself as the world\u2019s top producer of crude oil<\/a>, surpassing Saudi Arabia and Russia.<\/p>\n\n\n\n

This infographic,\u00a0via Visual Capitalist’s Omri Wallach,<\/a>\u00a0illustrates the rise of the U.S. as the biggest oil producer, based on data from the U.S. Energy Information Administration (EIA<\/a>).<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

<\/p>\n\n\n\n

U.S. Takes Lead in 2018<\/strong><\/h2>\n\n\n\n

Over the last three decades, the United States, Saudi Arabia, and Russia have alternated as the top crude producers, but always by small margins.<\/p>\n\n\n\n

During the 1990s, Saudi Arabia dominated crude production, taking advantage of its extensive oil reserves<\/a>. The petroleum sector accounts for roughly 42% of the country\u2019s GDP, 87% of its budget revenues, and 90% of export earnings.<\/p>\n\n\n\n

However, during the 2000s, Russia surpassed Saudi Arabia in production during some years, following strategic investments in expanding its oil infrastructure. The majority of Russia\u2019s oil goes to OECD Europe (60%), with around 20% going to China.<\/p>\n\n\n\n

Crude Oil Production<\/strong><\/td>United States<\/strong><\/td>Saudi Arabia<\/strong><\/td>Russia<\/strong><\/td><\/tr>
1992<\/td>11.93%<\/td>13.97%<\/td>12.74%<\/td><\/tr>
1993<\/td>11.50%<\/td>13.68%<\/td>11.35%<\/td><\/tr>
1994<\/td>10.96%<\/td>13.32%<\/td>10.50%<\/td><\/tr>
1995<\/td>10.60%<\/td>13.17%<\/td>9.96%<\/td><\/tr>
1996<\/td>10.21%<\/td>12.87%<\/td>9.49%<\/td><\/tr>
1997<\/td>9.84%<\/td>12.73%<\/td>9.29%<\/td><\/tr>
1998<\/td>9.39%<\/td>12.58%<\/td>9.05%<\/td><\/tr>
1999<\/td>9.06%<\/td>11.99%<\/td>9.33%<\/td><\/tr>
2000<\/td>8.67%<\/td>12.33%<\/td>9.64%<\/td><\/tr>
2001<\/td>8.65%<\/td>11.89%<\/td>10.45%<\/td><\/tr>
2002<\/td>8.63%<\/td>11.49%<\/td>11.53%<\/td><\/tr>
2003<\/td>8.05%<\/td>12.92%<\/td>12.10%<\/td><\/tr>
2004<\/td>7.46%<\/td>12.74%<\/td>12.67%<\/td><\/tr>
2005<\/td>7.00%<\/td>13.21%<\/td>12.82%<\/td><\/tr>
2006<\/td>6.85%<\/td>13.00%<\/td>12.90%<\/td><\/tr>
2007<\/td>6.84%<\/td>12.38%<\/td>13.29%<\/td><\/tr>
2008<\/td>6.71%<\/td>12.44%<\/td>12.56%<\/td><\/tr>
2009<\/td>7.32%<\/td>11.28%<\/td>12.98%<\/td><\/tr>
2010<\/td>7.37%<\/td>11.31%<\/td>13.03%<\/td><\/tr>
2011<\/td>7.55%<\/td>12.81%<\/td>13.02%<\/td><\/tr>
2012<\/td>8.50%<\/td>13.04%<\/td>12.94%<\/td><\/tr>
2013<\/td>9.76%<\/td>12.86%<\/td>13.10%<\/td><\/tr>
2014
2015<\/td>		11.18%
11.67%<\/td>		12.60%
12.77%<\/td>		12.86%
12.66%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
2016<\/td>10.92%<\/td>13.12%<\/td>13.02%<\/td><\/tr>
2017<\/td>11.53%<\/td>12.68%<\/td>13.05%<\/td><\/tr>
2018<\/td>13.21%<\/td>12.77%<\/td>12.96%<\/td><\/tr>
2019<\/td>14.90%<\/td>12.15%<\/td>13.20%<\/td><\/tr>
2020<\/td>14.87%<\/td>12.37%<\/td>12.97%<\/td><\/tr>
2021<\/td>14.59%<\/td>12.06%<\/td>13.10%<\/td><\/tr>

2022
<\/td>		14.73%<\/td>13.17%<\/td>12.76%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Over the 2010s, the U.S. witnessed an increase in domestic production, much of it attributable to hydraulic fracturing, or \u201cfracking<\/a>,\u201d in the shale formations ranging from Texas to North Dakota. It became the world\u2019s largest oil producer in 2018, outproducing Russia and Saudi Arabia.<\/p>\n\n\n\n

The U.S. accounted for 14.7% of crude oil production worldwide in 2022, compared to 13.1% for Saudi Arabia and 12.7% for Russia.<\/p>\n\n\n\n

Despite leading petroleum production, the U.S. still trails seven countries in remaining proven reserves underground, with 55,251 million barrels.<\/p>\n\n\n\n

Venezuela has the biggest reserves with 303,221 million barrels. Saudi Arabia, with 267,192 million barrels, occupies the second spot, while Russia is seventh with 80,000 million barrels.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the last decade, the United States has established itself as the world\u2019s top producer of\u00a0crude oil, surpassing Saudi Arabia and Russia.<\/p>\n","protected":false},"author":121246920,"featured_media":301630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Over the last decade, the United States has established itself as the world\u2019s top producer of\u00a0crude oil, surpassing Saudi Arabia and Russia.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691822760,691826901,691826902,691820304],"class_list":{"0":"post-301623","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-crude-oil","9":"tag-hydraulic-fracturing","10":"tag-proven-reserves","11":"tag-united-states","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/05b99cecada77c.image_.jpg?fit=1200%2C727&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1gsT","jetpack-related-posts":[{"id":428482,"url":"https:\/\/climatescience.press\/?p=428482","url_meta":{"origin":301623,"position":0},"title":"Energy Dominance 2.0: LNG Edition","author":"uwe.roland.gross","date":"27\/02\/2026","format":false,"excerpt":"Nine years ago, when U.S. LNG exports were in their infancy, I authored this post: Can the U.S. Become the Saudi Arabia of Natural Gas? 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