US set to become swing oil supplier

US set to become swing oil supplier:

"US runaway crude oil production and total oil export growth is having dramatic impacts on global oil markets, positioning the US to be the major oil export hub in the world.

No doubt there is much brouhaha over the US overtaking Saudi Arabia and Russia sometime this year as the largest crude oil producing country in the world.

But the fact is that it is already the world’s largest total producer of liquids, now marketing close to 15.5m barrels a day including crude oil, bio fuels and natural gas liquids. By year-end, total US oil liquids output should be well over 50 per cent higher than either Russia or Saudi Arabia."



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