U.S. Passes Saudis In Oil Output, No Thanks To White House - Investors.com
Oil reserves that can currently be reached by new technologies in the US are huge, several times the previous known reserves of a few years ago.In spite of the Obama Administration's hostility to carbon-rich energy, private actors with private capital deployed on private (and state) land have launched a game-changing revolution in domestic oil and natural gas production.
A scarcely reported milestone conveys the magnitude of this turnaround in the global energy landscape.
The U.S. passed Saudi Arabia as the world's largest petroleum producer in November 2012, according to recently released data of the federal Energy Information Administr
By law 100% of this oil is consumed here in the US.
The EPA may try to reduce production through regulation. If they do it will be the end of the EPA.