November 16, 2012

Shale Oil Won't Bring U.S. Independence

Kevin Bullis, Technology Review


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The United States could see a surge in oil production that could make it the world’s leading oil producer within a decade, according to a new report from the International Energy Agency. But that lead will likely be temporary, and it still won’t allow the United States to stop importing oil. Barring technological breakthroughs in oil production and major reductions in consumption, the United States will need to rely on oil from outside its borders for the foreseeable future.

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TAGGED: Saudi Arabia, IEA Report, Energy Independence, Bakken Shale, North Dakota, Shale Oil

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