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Moving the PPF Out

I mentioned in class yesterday that I thought the U.S. had become the world’s largest hydrocarbon producer, surpassing Saudi Arabia. But I didn’t have the actual figures at hand; here they are for interested students:

The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2014, according to U.S. Energy Information Administration estimates. U.S. hydrocarbon production continues to exceed that of both Russia and Saudi Arabia, the second- and third-largest producers, respectively. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia’s production, on the other hand, heavily favors petroleum.

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Categories: Energy
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