Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, November 14, 2012

If We Are the King of Oil, Our Reign Will Be Short

If We Are the King of Oil, Our Reign Will Be Short

Loren Steffy, Fuel Fix
I want my Hummer back.That might be the reaction to a report Monday from the International Energy Agency that predicts in eight years the U.S. will surpass Saudi Arabia as the world's largest oil producer.The prediction is a stunning testament to energy companies' success in extracting oil that was previously unrecoverable, but it's the one bright spot in a report that otherwise requires highly selective reading to be called good news.http://fuelfix.com/blog/2012/11/14/steffy-our-reign-as-oil-king-likely-to-be-very-short/

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