US to overtake Saudi oil production by 2020
Great news for America:
The U.S., whose crude imports have fallen 11 percent this year, is on track to produce the most oil since 1991, according to Energy Department data. In a year when Iran has threatened to halt oil shipments through the Persian Gulf, the growing output, coupled with a gas-production boom, may help insulate the nation from supply disruptions. President George W. Bush said in his 2006 State of the Union address that the U.S. needed to break its “addiction” to foreign oil.
http://www.bloomberg.com/news/2012-1...-iea-says.html
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Originally Posted by Mom49of4
