The U.S. will soon become the world's top oil producer, The Sunday Times reported Goldman Sachs as forecasting.Maybe we don't need the Keystone XL after all.
U.S. oil production should reach 10.9 million barrels a day by 2017, a third higher than 8.3 million barrels currently, the newspaper reported the investment bank as saying.
Russia, now the top oil producer, should see production increase only 100,000 barrels in the same period, for an output of 10.7 million barrels a day, the report said.
Monday, September 12, 2011
Goldman Sachs Predicts New President in 2013 --
Oh, never mind, I misread the headline: Goldman Sachs predicts that US will be the world's leading producer of oil in 2017. For that to happen, we need to have an energy-independent-friendly administration and that's what confused me about the headline -- sorry to mislead folks. The entire story:
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No thanks to Goldmen Sacks, which has generously supported the Communist Party of America..
ReplyDeleteWell, don't be too tough on them; they are reaping what they sow. Lousy stock market; lousy economy; lousy administration.
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