Howdy Arabia! U.S. to Overtake Saudi Arabia as World’s Biggest Oil Exporter by 2025

For much of the past 75 years or thereabouts, the status of Saudi Arabia as the world’s undisputed energy hegemon has been taken for granted, with the kingdom exporting roughly 7 million barrels of oil per day, making it by far the world’s largest oil producer and one of the wealthiest countries on the planet. With this wealth has come huge foreign heft, availing the autocracy of an extremely close relationship with the U.S. and the unrestricted opportunity to expand its influence across the Middle East and North Africa. Now, however, Saudi Arabia’s comfortable world of global energy market domination

The post Howdy Arabia! U.S. to Overtake Saudi Arabia as World’s Biggest Oil Exporter by 2025 appeared first on CCN

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