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U.S. overtakes Russia, Saudi Arabia in worldwide oil production

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John Deede | Shale Plays Media Google+ Bank of America Corp. has announced that the United States has become the world’s biggest oil producer. Grant Smith from Bloomberg News reports: U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said ...

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