US said close to energy independence: Analyst
Sep 12, 2012 | 01:24 PM
| Michael Cowden
SCHAUMBURG, Ill. The United States might be within reach of energy independence as record oil prices could be encouraging overproduction, according to one energy analyst.
Energy independence "has been talked about by every (U.S.) president for six decades, and now were within spitting distance of it," said Ruchir Kadakia, director of global oil fundamentals for IHS Cambridge Energy Research Associates. "All you need is a minor push, and we could be energy-independent" within the next decade.
That possibility comes in part thanks to growing production from shale plays that contain oilsuch as the Bakken in North Dakota and the Niobrara, which underlies several Western statesand increased offshore drilling, Kadakia said during a presentation at the Metals Service Center Institutes Economic Summit: Forecast 2013 in Schaumburg, Ill.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.