Why the U.S. is NOT the new Saudi Arabia
Last week’s energy news included a piece from the Associated Press with a headline reading: "U.S. poised to become world’s top oil producer; may soon overtake Saudi Arabia." If the reporter had actually examined figures available from the U.S. Energy Information Administration website carefully instead of simply parroting oil industry sycophants, he would have ended up with a headline more like this: "Marginal gains in U.S. oil production mean continuing high prices and imports for Americans."