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Miles Archer

(18,837 posts) Wed Jun 13, 2018, 08:12 AM Jun 2018

Trump: "Oil prices are too high, OPEC is at it again. Not good!"

Donald J. Trump
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@realDonaldTrump

Oil prices are too high, OPEC is at it again. Not good!

4:52 AM - 13 Jun 2018

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Trump: "Oil prices are too high, OPEC is at it again. Not good!" (Original Post) Miles Archer Jun 2018 OP

Doesn't Russia want high oil prices? greymattermom Jun 2018 #1

The United States is the top oil-producing country in the world, GeorgeGist Jun 2018 #2

greymattermom

(5,754 posts)

1. Doesn't Russia want high oil prices?

Reply to Miles Archer (Original post)

Wed Jun 13, 2018, 08:14 AM

Jun 2018

I thought this was done on purpose.

GeorgeGist

(25,322 posts)

2. The United States is the top oil-producing country in the world,

Reply to Miles Archer (Original post)

Wed Jun 13, 2018, 10:02 AM

Jun 2018

with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the No. 1 spot, which it has held for the past four years running. The United States overtook Russia in 2012 for the No. 2 spot, and it surpassed former leader Saudi Arabia in 2013 to become the world's top oil producer. Much of the increased U.S. production is attributable to fracking in the shale formations in Texas and North Dakota. The United States has been a net exporter – i.e., exports exceeded imports – of oil since early 201

Read more: The World's Top Oil Producers of 2017 | Investopedia https://www.investopedia.com/investing/worlds-top-oil-producers/#ixzz5IJRiccFh
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