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Bloomberg Businessweek

The US Is the World's Biggest Oil Producer at the Moment

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The United States is the world's biggest oil producer at the moment, because OPEC has cut back a little bit. But it was very different to now compared with the days when I mentioned you went up to the Bakken several years ago. Companies are being much more restrained. They're looking very much at the future. And that's why OPEC now is, it feels a liberty to cut production like they did in the beginning of April.

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