Two years ago, America was importing about two thirds of its oil. Today, according to the Energy Information Administration, it imports less than half. And by 2017, investment bank Goldman Sachs predicts the US could be poised to pass Saudi Arabia and overtake Russia as the world’s largest oil producer.

Read the original post:
New Boom Reshapes Oil World, Rocks North Dakota

Related Issues:

• Critical List: Gulf of Mexico dolphins have serious health problems; tweeting from the ocean bottom
  By Sarah...
• Critical List: Tariffs for imported Chinese solar panels; Obama to visit solar facility
  By Sarah...
• New UK strategy looks to reduce costs of offshore wind power
  A new strategy to co-ordinate links to offshore wind farms has been published which could reduce the cost of connections by up to £3.5 billion. Energy regulator Ofgem and the Department of Energy and Climate Change (DECC) have today published a report showing how more co-ordinati...
• African renewables potential mapped
  Tapping into Africa's renewable energy could transform living standards across the continent, according to a report that has mapped the potential of renewables in the region. The report aims to help African governments set up renewable energy plans, and has called for the urgent ...
• American Scientists Make Great Leap in Battery Technology
  One of the primary concerns with owning an electric vehicle is cost of the battery, the range it offers, and the time it takes to recharge. Those concerns will be significantly lessoned with the development of a new lithium-ion battery. Designed by scientists at Envia Systems, a ...