Fayetteville, N.C. — — The U.S. oil industry is likely to be one of the fastest-growing industries in the U.N. environment, with new oil and gas wells in five states and growing shale gas production, according to a new report from the U-N Environment Program.
In 2017, the United States exported roughly 1.6 billion barrels of oil and 1.2 trillion cubic feet of natural gas to foreign countries, the report said.
The country also exported more than $1.3 trillion in natural gas, and nearly $900 billion in crude oil.
The report also found that in 2017, more than two-thirds of all the U,N.
member states were producing oil and natural gas.
It’s no surprise that North Dakota and Alaska have emerged as the fastest growing oil producing states, according the report, which was released Thursday by the U-.
Environment Program and U.K. energy think tank the Institution for Energy and Environment.
North Dakota produced more than 1.5 billion barrels in 2016, followed by Alaska, which produced nearly 1.3 billion barrels, and South Dakota, which reported about 1.1 billion barrels.
exported nearly 3.1 trillion cubic meters of oil in 2017.
That was more than all of Europe and Russia combined, the U.-N report said, and the country exported more oil than any other country.
North Dakota’s oil boom could help the state become the world’s fourth largest oil producer, as well as the second largest in the country, according Toke, a partner at the energy firm.
It could even help the oil industry, he said.
Oil is not just a way to move oil, it’s a major economic lifeline for North Dakota, he added.
The U.s. exported more natural gas than any of the countries in the report.
And the country imported nearly 4.1 million barrels of natural-gas from other countries.
But to be sure, it may be too soon to tell what effect this boom will have on the oil and mining industries, Toke said.
“The industry is not the only sector where it will need to re-think its strategy,” he said, adding that the state may need to do more to reduce its dependence on imported oil.
“We need to rethink how we’re using our oil reserves, what we’re doing with them.”