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New drilling techniques will turn the U.S. into the world’s second-largest oil producer,...

New drilling techniques will turn the U.S. into the world’s second-largest oil producer, according to a new report by former Eni exec Leonardo Maugeri. “The shale/tight oil boom [in the U.S.] is not a temporary bubble, but the most important revolution in the oil sector in decades,” though it won’t insulate the U.S. from global price swings in the oil market or Middle East problems.
Comments (2)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Don't forget it was the new drilling techniques that led to 2.00 ngas.
    Careful what you wish for.
    26 Jun 2012, 09:50 AM Reply Like
  • Bear Bait
    , contributor
    Comments (673) | Send Message
     
    Isn't that what all conservatives, Republicans and T'baggers are clamoring for; more drilling to reduce the price of oil. All this more oil crap is just that crap. If the price in the US for US oil drops below the price for shipping overseas that oil is headed overseas in a heartbeat. The phrase "reduce the price of gas in the US" is just the bait used to get votes and get approval on risky ventures. Talk is cheap!
    26 Jun 2012, 10:25 AM Reply Like
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