U.S. Oil And Gas Production Is Rising

Posted By on March 12, 2012

We’re on the right track….but have a long way to go.

U.S. crude oil production came in at 5.6 million barrels a day for 2011 vs. 5.48 million barrels a day in 2010. It’s the highest U.S. oil production since 2003.

And…

The U.S. has been the world’s largest producer of natural gas since 2009, the report says. But, use of renewable sources of energy, such as wind and solar has lagged, and is still relatively small even though it has doubled since 2008.

Now lets compare this to Russia…..which is the world’s largest crude-producing nation.  Yes, you read that right, the worlds largest oil producing nation is Russia.

In Russia, oil production grew to an average of 10.27 million barrels a day, according to preliminary data from the Energy Ministry’s CDU-TEK unit.   This is a record level for the post-Soviet era!

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