As Climate Change Worsens, America Blows Past the World in Oil and Natural Gas
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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