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.