You are here

                                     

Energy Report No Cause for Celebration

                                                             
                                 
               
         
{ Submitted by wesler1 on Fri, 2012-11-30 00:00 }

A recent report by the International Energy predicts the US may become the world's leading oil producer. The report is being spun as good news by conservatives, but in fact the report contains an ominous warning.

The US may become the world's leading oil producer only because production by other nations, including Saudia Arabia and Russia may collapse. The result will be a world with huge shortfalls in energy production.