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Mon Nov 12, 2012, 01:21 PM

US predicted to be world's largest oil producer by 2017

New forecasts by the International Energy Agency predict the US may achieve energy independence by 2017. America is expected to surpass Russia as the largest gas producer by 2015, and Saudi Arabia as the world's top oil producer by 2017.

The United States will overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency.

The International Energy Agency (IEA) said it saw a continued fall in US oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.

http://www.csmonitor.com/USA/Latest-News-Wires/2012/1112/US-predicted-to-be-world-s-largest-oil-producer-by-2017

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Reply US predicted to be world's largest oil producer by 2017 (Original post)
Tony_FLADEM Nov 2012 OP
msongs Nov 2012 #1
liberal N proud Nov 2012 #6
Jacoby365 Nov 2012 #2
Speck Tater Nov 2012 #3
theoldman Nov 2012 #4
Pab Sungenis Nov 2012 #7
SomethingFishy Nov 2012 #5

Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 01:23 PM

1. self-sufficiency? how much is exported for corporate profits outside the US? nt

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Response to msongs (Reply #1)

Mon Nov 12, 2012, 01:50 PM

6. We ship our oil overseas so they can ship theirs here.

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 01:27 PM

2. That is amazing

I have read reports that say the Williston Basin, which is in parts of North Dakota and Montana (as well as parts of Saskatchewan), has more oil than the entire Middle East. Really, it is amazing.

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 01:41 PM

3. And how long with that last? 5 years? 10 years?

 

And in the meantime, oil production world wide keeps going down, down, down.

All this will do is make us feel good for a very short while.

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Response to Speck Tater (Reply #3)

Mon Nov 12, 2012, 01:44 PM

4. With only 3% of the world oil reserves we will not last very long.

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Response to theoldman (Reply #4)

Mon Nov 12, 2012, 02:07 PM

7. But it will buy us time

 

to develop more and better renewable sources. The President is taking the right approach.

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 01:45 PM

5. Makes you wonder why the Republicans

still have that bug up their ass....

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