NPR | The US Is Pumping All This Oil, So Where Are The Benefits? NPR The U.S. has ramped up oil production so dramatically that it's joined Saudi Arabia and Russia as one of the world's largest producers. Just glance at the chart below. Since this surge began in 2008, American production rocketed from 5 million barrels ... Iran slowly increasing its oil market share US oil ends at $38.50, logs 4-week win streak Oil Prices Rise on Hopes Glut Will Ease |