Bloomberg Law
Aug. 20, 2019, 5:54 PM

U.S. to Pump Almost Two-Thirds of World’s New Oil and Gas

Alex Nussbaum
Alex Nussbaum
Bloomberg News

The U.S. will account for for almost two-thirds of the world’s new oil and natural gas output in the decade ahead, making it a critical obstacle to stopping climate pollution, a London-based advocacy group says.

Propelled by the shale boom, the U.S. will pump out the equivalent of 88.9 billion barrels of oil from new fields in the 2020s, Global Witness, an environmental and human rights group, said in a report Tuesday that cites data from industry consultant Rystad Energy.

The U.S. is set to generate 20 times more new oil and gas than Russia and 40 times that of ...