America is poised to produce far more oil and natural gas over the next five years than any other country in the world, according to a new report.
Why it matters: It shows how America, already the world’s largest oil and gas producer, is poised to cement that position, with pivotal implications for geopolitics and climate change.
By the numbers: The United States could produce just over 24 billion barrels of oil equivalent over the next five years, according to a report by two environmental groups, the Global Gas and Oil Network and Oil Change International, which analyzed projection data from research firm Rystad Energy.
How it works: The accompanying chart, adapted from the groups’ report, is looking at projected production over this five-year time period from currently undeveloped reserves. This includes industry data, such as projects expected to receive final investment decisions.
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