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US production a 'game changer' in oil market

But API says Obama govt stifling oil and gas industry with regulations

Mr Gerard blasted Mr Obama's decision in November to reject the Keystone XL pipeline project that would have brought Canadian oil into the US.


THE top US oil lobby said on Tuesday that the oil market's muted response to the escalating crisis between Saudi Arabia and Iran shows US production has been a "game changer."

The United States now is the world's number one crude-oil producer and is "poised to remain a