American Oil Revolution By STEVE AUSTIN for OIL-PRICE.NET, 2013/01/02
By now, you'd have heard the news (yes, the world doesn't end on February 30, let alone on December 21) that the US is set to become the world's largest oil producer in a decade. So, how did this great nation, perceived as emaciated on the oil front, turn around?
After all, not long ago, any analysis of the oil scene in the US treated it- predominantly- as an oil importing country Well, the crude oil production in the US, according to the latest monthly report of EIA, averaged about 6.5 million barrels per day in September 2012. As a fact, this is the highest volume in almost 15 years.



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