U.S. the World’s #1 Oil Producer

U.S. the World’s #1 Oil Producer

  • The United States is likely the world’s largest producer of crude oil, according to preliminary estimates by U.S. Energy Information Administration (EIA) released this week.
  • The Lone Star State of Texas is on track to produce more oil than either Iran and Iraq, making Texas the third largest producer in the global landscape.
  • With the lift of the 40-year ban by Congress to export crude oil in 2015, the U.S now exports to South America, Europe and China; this could potentially just be the beginning of the U.S. energy renaissance.

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The information contained in this presentation does not purport to be a complete description and is intended for informational purposes only. Any opinions are those of the content creator and not necessarily those of the named advisor(s), JWC or JWCA.  It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

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