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U.S. Sees Dramatic Surge in Oil and Gas Production

(AFP) The U.S. is seeing a dramatic surge in oil and gas production and could overtake the world's biggest producers, Russia and Saudi Arabia, in another decade, Daniel Sullivan, commissioner in Alaska's department of natural resources, told the International Economic Forum of the Americas in Montreal on Tuesday. Since 2008, the U.S. added 1.6 million barrels of additional oil, and in 2011, the U.S. registered the largest increase in oil production of any country outside of OPEC. In Alaska alone, the potential off the coast is viewed as about 40 billion barrels in conventional oil, according to the U.S. Geological Survey.
2012-06-15 00:00:00
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