November 14, 2012

No, We Are Not the Next Saudi Arabia

Jordan Weissmann, The Atlantic


This just in: The United States is about to be the new Saudi Arabia. Not the Saudi Arabia of wind, or natural gas, or some other nerd energy source nobody fights wars over, but of old-fashioned oil!

That's an easy conclusion to draw from reading the International Energy Agency's new report, which projects that the U.S. will replace Saudi Arabia as the world's top oil producer by around 2020, and lends a massive dose of establishment cred to the idea that North America is en route to energy independence within the next decade or so. Assuming that the prediction is correct, this is the sort of news that can, and will, be easily misconstrued -- probably in Congress by people responsible...

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TAGGED: Saudi Arabia


October 17, 2013
It's Time to End Energy Subsidies
Jim Krane, The National
Smothered by the hullabaloo over the US government shutdown was an important call to action: Let’s end the staggering giveaway of nearly US$2 trillion in energy that goes to people who need it least. Related The IMF managing... more ››