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CNBC reported that the U.S. will surpass Saudi Arabia as the world’s largest oil producer by 2017, and become self-sufficient in oil and gas production.
CNBC reported that the U.S. will surpass Saudi Arabia as the world’s largest oil producer by 2017, and become self-sufficient in oil and gas production.
As quoted in the market report:
The recent rebound in U.S. oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity – with less expensive gas and electricity prices giving industry a competitive edge,” it added.
To view the whole CNBC report, click here.