U.S. will Produce as Much Oil as Saudi Arabia Starting 2013
Not so long ago those of us who support shale gas drilling would proudly say, “The United States has as much natural gas sitting under it as Saudi Arabia has oil,” feeling the satisfaction of knowing that someday, somehow we may get out from under the thumb of counties who are our enemies by shifting our economy from using mostly oil to using mostly natural gas.
Never in our wildest dreams did we imagine saying, “The United States produces as much oil as Saudi Arabia.” Seemed like a fantasy. But starting next year, that statement will be true. Why? You guessed it: Shale.