November 26, 2012

NEWS FROM AWAY: US world's No. 1 producer of oil and gas by 2017?

The Telegraph

The headline on the report from the International Energy Agency proclaimed that the United States would be, by 2017, the world's top oil producer, stepping ahead of Saudi Arabia. The report also predicts the United States will be the world's largest producer of natural gas in three years surpassing Russia.

Seems impossible doesn't it? The report goes on to say that in about two decades America would be "self-sufficient," meaning we couldn't be held hostage by the Middle East for our energy needs.

Don't feel too sorry for Saudi Arabia, while we won't have them to blame for gas prices anymore, there is still a healthy market for their crude.

Instead of it being shipped here, it will head to China and India.

Will we be able to name our own price for gas? Well, no.

That's set on the world market and even though we will be self-sufficient we will still be vulnerable to the ups and downs of the global marketplace,

At the base of the predictions by the IAE are increased mileage standards and the sobering realization that as long as we depend on fossil fuels -- here and abroad -- that there will be more freakish storms such as Sandy. The message that we will be self-sufficient should not slow efforts to discover and refine new energy resources not tied to oil and gas.

-- The Telegraph, Macon, Ga., Nov. 16

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors

Further Discussion

Here at we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)