July 14, 2022
US President Joe Biden is visiting Saudi Arabia, where he hopes to persuade Saudi and Emirati leaders to increase the production of oil in a bid to bring gas prices down. The US is a top oil producer, along with Saudi Arabia and Russia. But the Saudis have two things the US doesn't: a unique capacity to quickly ramp up production and a leading role in the OPEC group of oil producers (and OPEC+, which extends to Russia and others). Here's a look at how US oil production stacks up against what the Saudis and Russians are pumping.
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