America is set to overtake Saudi Arabia and become the world's largest exporter of oil for the first time in 60 YEARS

Experts predict US oil exportation with exceed Saudi Arabia's by the end of 2019

The US has never before overtaken Saudi Arabia since they began exporting oil in the 1950s

Credited to the 'shale boom', the US has more than doubled oil production in the last 10 years

Congress lifted a 40-year oil exportation ban in 2015 and demand for US crude has continued to surge ever since

The US is now pumping more oil than any other country, including Russia

By 2020, the US is predicted to export more energy than it imports for the first time since 1953

However, the prosperity comes with an environmental risk, with experts saying the rapid increase of production carries 'catastrophic' consequences

The United States is set to dethrone Saudi Arabia as the world's leading oil exporter for the first time in over six decades.

According to Rystad Energy, by the end of this year, America will best the middle eastern country in the exportation of oil and other energy goods, such as natural gas liquids and petroleum products.

This is the first time the US have achieved such a milestone since Saudi Arabia began selling oil to other countries in the 1950s.

'It's nothing short of remarkable,' said energy strategist Ryan Fitzmaurice to CNN. 'Ten years ago, no one thought it could happen.'

https://www.dailymail.co.uk/news/article-6790853/US-set-best-Saudi-Arabia-worlds-leading-oil-exporter-time-60-years.html