Thursday, October 3, 2013

U.S. to Overtake Russia in Oil and Gas Production


Gold & Gilbert, U.S. Is Overtaking Russia as Largest Oil-and-Gas Producer Wall Street Journal (October 2, 2013):

The U.S. is overtaking Russia as the world's largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding the clout of traditional energy-rich nations.

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"This is a remarkable turn of events," said Adam Sieminski, head of the U.S. Energy Information Administration. "This is a new era of thinking about market conditions, and opportunities created by these conditions, that you wouldn't in a million years have dreamed about."

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