October 11, 2011

How America Can Outpump OPEC

Michael Lynch, Chicago Tribune

AP Photo

Get ready for the Americas to pass OPEC as the dominant force in world oil production -- and, yes, that includes the United States. The Arab Spring has swept largely democratic sentiment throughout much of the Mideast this year. This, of course, is a great development for millions of people who have for far too long lived under oppression. But the upheavals are also reducing the region’s oil production. . .

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TAGGED: domestic oil, global oil market, oil, oil dependency, OPEC, New York Post


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