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U.S. to pass Saudis, Russia as top oil producer

A car is filled with gasoline at a

A car is filled with gasoline at a station in Windham, N.H. in this April 23 photo. Photo Credit: AP/Charles Krupa

The United States is on pace to leapfrog both Saudi Arabia and Russia to become the world's biggest oil producer.

The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day.

Linda Capuano, who heads the agency, says that would make the United States the world's No. 1 producer.

The director of the International Energy Agency, a group of oil-consuming countries, made a similar prediction in February.

Russia and Saudi Arabia pumped more crude than the United State last year.

Production is booming in U.S. shale fields because of newer techniques such as fracking and horizontal drilling.

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