subspaceseven -> RE: US oil production soon to be the highest in the world. (10/24/2012 2:18:06 PM)
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Time has the same story .. "In 2011 for the first time since 1949, the US became a net exporter of refined petroleum products. Several studies this year project that by the end of this decade, the US will surpass both Russia and Saudi Arabia and will become the worlds largest producer of oil and liquid natural gas." Time Mag. 10/29/12 "This will be the fourth straight year of crude increases and the biggest single-year gain since 1951. The Energy Department forecasts production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year. " Yahoo article.. Yea, I mean the oil industry has never made as much profit as they have under Obama, production is up, oil leases are up...where is the bad part they keep preaching to the uninformed... a day in the life of big oil... http://thinkprogress.org/climate/2012/08/01/614771/big-oil-profits-3/
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