Conclusion From the a recent EIA report:
"The IEA in its World Energy Outlook 2012 is predicting that fossil fuels will dominate the energy sector through 2035 and that the United States will become the world`s largest oil producer by 2017, overtaking both Saudi Arabia and Russia. The IEA is not the only agency with this prediction; Citigroup Inc. indicated that the United States will achieve this goal before the end of this decade. The IEA also expects that the United States will become almost energy independent by 2035 and that OPEC will be exporting 90 percent of its oil to Asia, changing the security dynamics in the Middle East."
Surely , this can't be good for Alberta exports of oil to USA in the long term.
Is it possible that US can be the top producer by 2017 ? That's only 4 years away !
Kir.
"The IEA in its World Energy Outlook 2012 is predicting that fossil fuels will dominate the energy sector through 2035 and that the United States will become the world`s largest oil producer by 2017, overtaking both Saudi Arabia and Russia. The IEA is not the only agency with this prediction; Citigroup Inc. indicated that the United States will achieve this goal before the end of this decade. The IEA also expects that the United States will become almost energy independent by 2035 and that OPEC will be exporting 90 percent of its oil to Asia, changing the security dynamics in the Middle East."
Surely , this can't be good for Alberta exports of oil to USA in the long term.
Is it possible that US can be the top producer by 2017 ? That's only 4 years away !
Kir.