Move over, Saudi Arabia and Russia. The United States is officially the largest oil producer in the world, after recently overtaking Saudi Arabia in crude oil production while maintaining its lead over Russia in natural gas production. In this episode of The Motley Fool's Where the Money Is, Motley Fool analysts Joel South and Taylor Muckerman discuss the health of domestic oil production and what could happen if such robust production continues.
Domestic oil production is predicted to eventually plateau, but could the U.S. ultimately become a swing producer and dictate worldwide oil prices? Listen to what Joel and Taylor have to say.
OPEC is absolutely terrified of this game-changer
Imagine a company that rents a very specific and valuable piece of machinery for $41,000 per hour. (That's almost as much as the average American makes in a year!) And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click here to uncover the name of this industry-leading stock for free, and join Buffett in his quest for a veritable landslide of profits!