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...
TAGGED: Saudi Arabia