U.S. Is Poised to Overtake Russia as Largest Oil-and-Gas Producer

Wall Street Journal ^

[Sub-Driver]

U.S. Is Poised to Overtake Russia as Largest Oil-and-Gas Producer

By RUSSELL GOLD and DANIEL GILBERT CONNECT

The U.S. is poised to overtake Russia as the world's single largest producer of oil and natural gas combined this year, a startling shift that is reshaping energy markets and eroding the clout of traditional petroleum-rich nations.

Shale-rock formations of oil and natural gas have fueled a comeback for the U.S. that was unimaginable a decade ago. Russia meanwhile has struggled to maintain its energy output and has yet to embrace the technologies such as hydraulic fracturing that have boosted U.S. reserves.

The increase of U.S. energy output in recent years has been widely discussed. But a Wall Street Journal analysis of global data shows that the country is on track to pass Russia as the world's largest producer of oil and gas this year—if it hasn't already.

[American Constitutionalist]

The Commies and those who gleefully cheer for America’s demise are deeply saddened.

[American Constitutionalist]

Imagine that folks ? ... if a New Conservative Administration is elected in 2014 and America's economic power is unleashed and allowed to grow this could be THE AMERICA'S CENTURY chapter II.
America could very well turn into a MEGA Super Power.

[Balding_Eagle]

Does Russia have many/any shale areas that would supply more oil by fracturing?

It likely that the entire world has those areas, including ocean floors.

We live on a planet that has enough stored energy in the form of natural gases and oils that we will still have hardly tapped into them in a 1,000 years.

That's assuming that we even need those forms of energy anymore.