The U.S. could become the largest producer of oil this year, seven years earlier than expected, a recently published BP report predicts. In less than 20 years, it will be 99 percent self-sufficient in net energy. …
Prior to the BP report, it was thought that the U.S. would lead oil production only by 2020. The fact that we’re already there is a reflection of the rapid pace of the shale energy boom.
We are now speeding into the arms of a world that has a lot going for it compared to the old one. The American economy could soon be sitting pretty on a heap of new energy industry jobs and on the new revenues that will inevitably flow from natural gas exports.
It’s unlike me to be optimistic. However, this does sound good. Via US Could Be Top Oil Producer This Year | Via Meadia.