Report Sees U.S. as Top Oil Producer, Overtaking Saudi Arabia, in 5 Years

NYT reports on this reversal of trends: Report Sees U.S. as Top Oil Producer, Overtaking Saudi Arabia, in 5 Years - :

"The United States will overtake Saudi Arabia as the world’s leading oil producer by about 2017 and will become a net oil exporter by 2030, according to a new report released on Monday by the International Energy Agency."

So combine Peak Travel with not quite-Peak Oil, and we become an oil exporter. (Or in other words, we have reached "Peak Import". I have low confidence in forecasts like this in general, based on past experience evaluating forecasts, but the trends are interesting.


David Levinson

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This page contains a single entry by David Levinson published on November 12, 2012 6:40 PM.

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