Monday, April 8, 2013

U.S. Passes Saudis In Oil Output, No Thanks To White House

This is absolutely amazing.
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 Administration.
This is a remarkable article.

No comments:

Post a Comment