World Economy

The United States produced  8.4 million barrels per day of oil  in April 2014—the highest monthly production volume in  27 years –with Texas and North Dakota accounting for nearly half of the total. Texas oil production reached over 3.0 million barrels per day for the first time since the late 1970s, more than doubling production in the past three years, and North Dakota production reached 1.0 million barrels per day for the first time in history, nearly tripling its production over the last 3 years. http://instituteforenergyresearch.org/analysis/u-s-overtakes-saudi-arabia-russia-worlds-biggest-oil-producer/ http://www.forbes.com/fdc/welcome_mjx.shtml

Top World Oil Producers, Exporters, Consumers, and Importers, 2006 (millions of barrels per day)  Producers 1 Total oil production  Exporters 2 Net oil exports  Consumers 3 Total oil consumption  Importers 4 Net oil imports  1.  Saudi Arabia 10.72  1.  Saudi Arabia 8.65  1. United States 20.59  1. United States 12.22  2. Russia 9.67  2. Russia 6.57  2. China 7.27  2. Japan 5.10  3. United States 8.37  3. Norway 2.54  3. Japan 5.22  3. China 3.44  4.  Iran 4.12  4.  Iran 2.52  4. Russia 3.10  4. Germany 2.48  5. Mexico 3.71  5.  United Arab Emirates 2.52  5. Germany 2.63  5. South Korea 2.15  6. China 3.84  6.  Venezuela 2.20  6. India 2.53  6. France 1.89  7. Canada 3.23  7.  Kuwait 2.15  7. Canada 2.22  7. India 1.69  8. United Arab Emirates 2.94  8.  Nigeria 2.15  8. Brazil 2.12  8. Italy 1.56  9.  Venezuela 2.81  9. Algeria 1.85  9. South Korea 2.12  9. Spain 1.56 10.  Norway 2.79 10.  Mexico 1.68 10. Saudi Arabia 2.07 10. Taiwan 0.94 11.  Kuwait 2.67 11. Libya 1.52