U.S. oil gusher blows out projections →
I knew things were getting better, but this is unexpected.
The United States' rapidly declining crude oil supply has made a stunning about-face, shredding federal oil projections and putting energy independence in sight of some analyst forecasts.
After declining to levels not seen since the 1940s, U.S. crude production began rising again in 2009. Drilling rigs have rushed into the nation's oil fields, suggesting a surge in domestic crude is on the horizon.
... By the EIA's forecast, the United States will challenge Saudi Arabia as the world's top oil producer when crude and other forms of liquid petroleum are included. But the U.S. is also the world's top oil consumer, demanding nearly 20 million barrels a day. So even with an oil boom, the nation still falls far short of its energy demands.
I'd love to challenge Saudi Arabia as the world's top oil producer. I'd love to weaken the power of those terrorist sponsoring, women abusing cowards.
This entry was tagged. Energy Foreign Policy Oil