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The US was on pace to achieve global energy domination on Friday, overtaking Russia and Saudi Arabia as the world's top oil and natural gas producer.New estimates released on Friday by the Energy Information Administration showed America pulling ahead of both countries in oil and natural gas production for 2013.The rise to the top was fuelled by new drilling techniques, such as horizontal drilling and hydraulic fracturing, which have unlocked vast quantities of oil and gas from shale rock formations - especially in North Dakota and Texas.
The US was on pace to achieve global energy domination on Friday, overtaking Russia and Saudi Arabia as the world's top oil and natural gas producer.
New estimates released on Friday by the Energy Information Administration showed America pulling ahead of both countries in oil and natural gas production for 2013.
The rise to the top was fuelled by new drilling techniques, such as horizontal drilling and hydraulic fracturing, which have unlocked vast quantities of oil and gas from shale rock formations - especially in North Dakota and Texas.
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