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America’s oil bonanza

Posted on 16 November 2012

The shale-gas revolution in America has been as sudden and startling as a supertanker performing a handbrake turn. A country that once fretted about its dependence on Middle Eastern fossil fuels is now on the verge of self-sufficiency in natural gas. And the news keeps getting better.
This week the International Energy Agency (IEA) predicted that the United States would become the world’s largest oil producer by 2020, outstripping Saudi Arabia and Russia……………………………………….Full Article: Source

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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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