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Oil And Gas Production In The Americas is Booming

Bernadette - May 30 2012, 10:22 PM

Oil and gas production in the Americas is booming.

"From Canada to Colombia to Brazil, oil and gas production in the Western Hemisphere is booming, with the United States emerging less dependent on supplies from an unstable Middle East. Central to the new energy equation is the United States itself, which has ramped up production and is now churning out 1.7 million more barrels of oil and liquid fuel per day than in 2005...Since 2006, exports to the United States have fallen from all but one major member of the Organization of the Petroleum Exporting Countries, the net decline adding up to nearly 1.8 million barrels a day. Canada, Brazil and Colombia have increased exports to the United States by 700,000 barrels daily in that time and now provide nearly 3.4 million barrels a day. Six Persian Gulf suppliers provide just 22 percent of all U.S. imports, the nonpartisan U.S. Energy Information Administration said this month.

The United States

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