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I believe it's more to bankrupt Alberta's oil sands. US shale is barely a competitor on a global scale.


The US is the worlds largest oil producer


Sure but that statistic is always measured as oil + natural gas + additives + other hydrocarbons. If you can find a source for crude oil extraction, not production, the US would almost certainly not be #1.


Recently the US has been far in the lead for even crude production. Here is a source where you can see the break downs by type for every country from from 1973 to 2018[1]. Data from the US Energy Information Administration. Download the .csv file for easier browsing.

The totals for just crude, not including petroleum liquids, for 2018 are:

US : 16.8 Mb/d

Saudi Arabia: 12.4 Mb/d

Russia: 11.4 Mb/d

[1]https://www.eia.gov/international/data/world/petroleum-and-o...


I think you missed a decade or so of development in the US energy industry.


What's the difference between extraction and production and why does it matter here?

Are the commenters who replied wrong? If so, can you explain why?




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