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Author Topic: New Nation to Become No. 1 Oil Producer Back to Topics
race2IT
Champion Author
Fort Worth

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Message Posted: Nov 19, 2012 2:54:47 PM

Sorry OPEC. There’s a new heavy hitter in the oil markets and it’s not about to be pushed around by you.

According to a new report from the IEA, the United States will overtake Saudi Arabia as the world's top oil producer by 2017.

You read that right – the United States.

The same report also said the United States would overtake Russia as the biggest gas producer by a significant margin by 2015.

And by 2035, our reliance on Middle Eastern oil will be virtually non-existent as America will have become self-sufficient in all our energy needs.

Sounds like Uncle Sam is about to play a very influential role in world energy markets, largely due to a new ability to tap unconventional sources.
Visit CNBC for full article
REPLIES (newest first) Post a Reply
52MPG
Champion Author Dayton

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Message Posted: Nov 21, 2012 6:08:35 AM

Will it lower prices?
bston
Champion Author Oklahoma City

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Message Posted: Nov 21, 2012 12:57:23 AM

I hope so.
jrs4125
Champion Author Indiana

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Message Posted: Nov 21, 2012 12:24:39 AM

This too shall pass.
DanMtz
Champion Author Oakland

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Message Posted: Nov 20, 2012 8:13:36 PM

Middle Eastern politics should be interesting in the coming decades.
Pramodsharma
Champion Author Richmond

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Message Posted: Nov 20, 2012 7:18:19 PM

Fantastic News, Why were we not getting these NEWS?
ss70
Champion Author Detroit

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Message Posted: Nov 20, 2012 10:39:20 AM

what is the use .it is still expensive.
dabayer
Champion Author New Hampshire

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Message Posted: Nov 20, 2012 8:01:12 AM

Won't make a bit of a difference to our fuel costs.

Most of that crude will go to the world market, sold at world market prices, and NOT benefit the US population.

Unless you're a producer or speculator!
virostek
Veteran Author Virginia

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Message Posted: Nov 20, 2012 7:15:23 AM

The 2035 is wishful thinking.
Wanda127
Champion Author Florida

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Message Posted: Nov 19, 2012 11:43:10 PM

We may get there if we are not stopped by the Obama Admin.
eomc17
Champion Author Tucson

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Message Posted: Nov 19, 2012 10:11:38 PM

I'll believe it when I see it. So far the Obama administration has been lying through its teeth regarding our productions. The EIA reports can back that up, which also shows that we don't export nearly as much as our government claims we do. The Obama lies continue and most of us intelligent people know that Obama is a pathological liar.
bwp9970
Veteran Author Alabama

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Message Posted: Nov 19, 2012 10:06:03 PM

We could be there sooner if obama would ok the drilling
jjjleblanc
Champion Author Rochester

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Message Posted: Nov 19, 2012 10:05:51 PM

A lot can happen between now and then.
dh0770
Champion Author Colorado

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Message Posted: Nov 19, 2012 8:30:13 PM

Really think so with the socialists in government, the speculators on Wall Street, and the eco-terrorists!
exyouen
Veteran Author Philadelphia

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Message Posted: Nov 19, 2012 8:02:01 PM

drill your own oil
PathfinderSC
Champion Author South Carolina

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Message Posted: Nov 19, 2012 7:36:58 PM

Ok if the USA becomes the number 1 oil producer, They can not blame OPEC
FOR OUR HIGH gas prices. OH wait they can blame Bush.
qwerty17
Champion Author New Jersey

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Message Posted: Nov 19, 2012 6:45:26 PM

time to join opec.
Lugi1967
Champion Author Ohio

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Message Posted: Nov 19, 2012 6:40:24 PM

old news
drpepperTX
Champion Author Texas

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Message Posted: Nov 19, 2012 6:30:34 PM

LOL, time for the EPA and the Eco-imperialist forces to ramp up the witch hunts on hydro-fracturing!
bcline909
Veteran Author Virginia

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Message Posted: Nov 19, 2012 6:10:33 PM

what will we do with it all?
kag2010
Champion Author Winnipeg

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Message Posted: Nov 19, 2012 6:03:52 PM

We are an oil producing nation.
beck12j
All-Star Author Dayton

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Message Posted: Nov 19, 2012 5:46:31 PM

ok
doggod
Champion Author Anchorage

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Message Posted: Nov 19, 2012 5:44:29 PM

The politics of energy are about to go all over the place, and it's not on account of oil.

Tacodan
Champion Author Cincinnati

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Message Posted: Nov 19, 2012 5:34:35 PM

old………
pscamp
Champion Author Ottawa

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Message Posted: Nov 19, 2012 4:49:43 PM

Really??
07skydriver
Champion Author Ohio

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Message Posted: Nov 19, 2012 4:30:01 PM

Glad Mhit won't be able to take credit.
fora_7
Champion Author Montreal

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Message Posted: Nov 19, 2012 4:26:15 PM

If USA takes control of all oil from Iraq, maybe
hrjjml
All-Star Author Florida

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Message Posted: Nov 19, 2012 3:54:30 PM

Not under Obummer's watch
WildmanMick
Veteran Author North Carolina

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Message Posted: Nov 19, 2012 3:28:15 PM

Not if our president has his way...
MikeCapeCoral
Champion Author Cape Coral

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Message Posted: Nov 19, 2012 3:01:28 PM

I hope I live to see it. We are an oil producing nation.
humblepie
Champion Author Toledo

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Message Posted: Nov 19, 2012 2:59:52 PM

doubtful
Ouch06
Champion Author Michigan

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Message Posted: Nov 19, 2012 2:59:37 PM

old news.
Already had many articles about this a few weeks ago.
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