US to Become World’s Largest Oil Producer in Eight Years

Unfortunately getting there will require getting past the miserable failure in the White House who is determined to kill the domestic oil and coal industries and force Americans to invest in Islamic terrorism by buying foreign oil, while also paying his Green friends their kickbacks from failed subsidized Green energy projects.

“By around 2020, the United States is projected to become the largest global oil producer” and to overtake Saudi Arabia for a time, the agency said. “The result is a continued fall in U.S. oil imports [currently at 20% of its needs] to the extent that North America becomes a net oil exporter around 2030.”

This major shift will be driven primarily by the faster-than-expected development of hydrocarbon resources locked in shale and other tight rock formations that have just started to be unlocked by a new combination of two technologies: hydraulic fracturing and horizontal drilling.

Within a decade, the IEA forecasts U.S. oil imports will fall by more than half, to just 4 million barrels a day from 10 million barrels a day currently. Much of this decline will be due to higher domestic production, but efforts to improve energy efficiency in the transport sector will also prove significant, the IEA said.

To Americans this is good news. To Obama and the environmentalist left this is a threat that they have to stop before people realize that they don’t have to empty their pockets to drive to work. Or waste money on a Chevy Volt.

Unfortunately the ObamaPhone vote has given Obama another 4 years to force high gas prices on Americans by killing the domestic energy industry. But he and his corrupt Green cronies will have to race the ingenuity of the American businessman and scientist to the finish line.

So we may be entering a real life Atlas Shrugs event here. Except instead of trains, think shale oil.

  • BLJ

    I am sure news likes this makes the Dear Leader fret. His oil producing Muslim friends and his mentor Putin won't like it either.

  • Reese

    I'll be sure to show my kids this article. For once, something good to look forward to. They are so depressed that Obama was re-elected. I make sure they know everything that's going on & that they read Frontpagemag. I feel bad because they are so crest-fallen and depressed; but they must know the truth to try to influence their peers to try to bring back sanity to our nation that is on the fast track to hades. I also make sure they know that our ultimate hope and faith lies in the Creator of the Universe, the God of the Bible, and that HE will win in the end and make all things right.

  • tanstaafl

    Wait, didn't our Dear Leader once say "we can't drill our way out of this"? Boy, was he wrong! Do you think he might be wrong about other things………..?

  • Ar'nun

    "Unfortunately getting there will require getting past the miserable failure in the White House"

    I contest this statement. Obama has succeeded greatly in implementing his visions. To claim he is a failure would be to assume he wants to keep burdens of the Middle Class low. He clearly has no intention to keep fuel affordable or food, or tax burdens. So for these reasons, he is very successful.

  • SoCalMike

    The dirty little secret is we have been penalizing domestic oil producers for 4 or more decades now to the benefit of multinational oil and the enviro lobby.
    The scam helps the enviro crack heads feel good about themselves while forcing Americans to pay 30-50% more at the pump than we would have had the war against domestic producers not been launched.
    It is a race between producers and scientists against the green crack heads and multinational oil.
    Alec Baldwin and the Greens ironically are the true big oil whores.