This website is a member of Liberty Alliance, which has been named as an company.

U.S. Set to Become World’s Biggest Oil Producer and Begin EXPORTING. So Why is Gas $4 a Gallon?

Friday, November 16, 2012

oil

The U.S. will become the world’s biggest oil producer before 2020 and will be energy independent 10 years later, it has been predicted.

The International Energy Agency (IEA) said that a resurgence in oil and gas production, coupled with improvements to the transport system, are gradually reshaping the energy market in the U.S.

It is expected this boost in North America’s oil production will lead to a change in the direction of international oil trade towards Asia.
Global energy demand is expected to increase by more than a third by 2035 – with much of the growth coming from India, China and the Middle East.

Post Continues on www.dailymail.co.uk

Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.