Monday, November 12, 2012

Good news! Al Gore will be choked.

U.S. to overtake Saudi Arabia as world's top oil producer by 2017.  According to the International Energy Agency (IEA):
... The United States will become the world's largest oil producer by around 2020 ...
... with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035...
... The share of coal in primary energy demand will fall only slightly by 2035.

Fossil fuels in general will remain dominant in the global energy mix ...
One fly in that ointment - Obama.  And will any of this affect the Keystone XL decision?

But, maybe not so good for energy investors:
.... although the IEA is a respected forecaster, any long-term forecast must be taken with some degree of skepticism. Still, the report should raise the question of whether Canadian oil producers are sound long-term investments.


Anonymous said...

heh. i'm still laughing about that. not going to happen as long as the dems are in power.

Builder said...

Has anyone in the IEA heard of a guy by the name of OBAMA? Does anyone in that organization have any clue about SOCIALISM ?
Obama took 1.6 million acres out of available exploration lands within 72 hours of being re-elected.