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The United States will become the world's largest oil producer by around 2020, temporarily overtaking Saudi Arabia, as new exploration technologies help find more resources, the International Energy Agency forecast on Monday
Originally posted by freedomSlave
reply to post by chrismarco
Go ahead and frack off .. Maybe the surplus in oil exports saved in Canada will drive our prices down .edit on 12/11/12 by freedomSlave because: (no reason given)
EDMONTON—Despite the fact that we are running out of natural gas, and that we import 49% of the oil we consume, NAFTA dictates that Canada’s government cannot reduce the percentage of oil and gas we now export to the United States even in times of domestic shortages. A new report released today by the University of Alberta’s Parkland Institute and the Canadian Centre for Policy Alternatives (CCPA) says that the only solution to this and other potential scenarios is for Canada to pull out of NAFTA’s “proportionality” clause.