US Set to Surpass Saudi Arabia as World’s Largest Oil Exporter

US Set to Surpass Saudi Arabia as World’s Largest Oil Exporter
The Wilmington ARCO refinery is seen in Los Angeles before dawn on Dec. 19, 2003. David McNew/Getty Images
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The United States soon will export more oil than Saudi Arabia, becoming the world’s largest oil exporter for the first time in 60 years, according to projections by research firm Rystad Energy.

The boom in oil, liquid natural gas, and other liquid energy exports will last for years and be enough to erase America’s foreign debt and trade deficit, according to Per Magnus Nysveen, a senior partner at Rystad Energy.

Ivan Pentchoukov
Ivan Pentchoukov
Author
Ivan is the national editor of The Epoch Times. He has reported for The Epoch Times on a variety of topics since 2011.
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