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Some forecasts peg North American energy independence at just a few years off, but other experts...

Some forecasts peg North American energy independence at just a few years off, but other experts aren't so sure. "Unless something seriously changes in the next five years, we'll be standing in gas lines," ex-Shell exec John Hofmeister says. Forecasts understate the decline rate of shale fields, he says; firms will need to drill wells at a rate "beyond the capacity of the industry as currently defined."
Comments (3)
  • Mike Maher
    , contributor
    Comments (2710) | Send Message
     
    The US need new refineries, there's enough oil, but I cant fill my car with crude.
    7 Sep 2012, 12:54 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3326) | Send Message
     
    took some xle profits today at 73.45
    7 Sep 2012, 03:56 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3326) | Send Message
     
    took some xle profits today at 74.02
    11 Sep 2012, 11:29 AM Reply Like
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