Fracking helped make the US the world’s oil king

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Move over, Russia — and Saudi Arabia, too: The United States is now the world’s largest producer of crude oil.

“US crude-oil production exceeded that of Saudi Arabia for the first time in more than two decades,” the US Energy Information Administration reported Tuesday. “In June and August, the United States surpassed Russia in crude-oil production for the first time since February 1999.”

That assessment confirms an International Energy Agency prediction in March that America would soon be No. 1, and it should keep that slot through 2019, at least.

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