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Old 11-12-2012, 11:25 AM
 
18,131 posts, read 25,296,596 times
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As I said before,
the oil industry in the US has been doing really good, and it should keep on doing good for several more years


Could the U.S. surpass Saudi oil production in a decade? - Houston Chronicle - Nov. 11, 2012

Quote:

In what will certainly fuel more hype about energy independence, the International Energy Agency said in its annual report, released today, that U.S. oil production could outpace Saudi Arabia by 2020 if current trends in hydraulic fracturing continue. The report cited a “dramatic reversal” seen in most other energy-importing countries as U.S. oil production continues to rise.
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Old 11-12-2012, 11:35 AM
 
18,131 posts, read 25,296,596 times
Reputation: 16845
Fuel Fix » A prediction: Shale oil plays will grow for decades

Quote:
The head of an energy-focused investment bank predicts opportunities will grow for decades in unconventional shale plays, with the United States on track to potentially become the world’s top oil producer by 2035.
But Bobby Tudor, CEO of Houston-based Tudor, Pickering, Holt & Co. was less optimistic about short-term natural gas prices when he spoke to reporters at a media tour hosted by BHP Billiton Petroleum last week.
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