America Is Showing Saudi Arabia and Russia What It Means to Be No. 1

The United States overtook Saudi Arabia in oil production, and it doesn't look like it plans to slow down anytime soon.

Jul 13, 2014 at 10:09AM

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.

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Joel South, Taylor Muckerman, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.