U.S. to become world's largest oil producer by 2020
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December 9th, 2012 (11:34 PM).
Join Date: Jan 2009
Quote originally posted by
Just imagine if we could use all the capital from the increased oil revenue to put towards alternative energy sources, so by 2020 we could be a world leader in that regard as well.
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The US doesn't strike me as a 'look at all the extra money we made, let's invest it in clean energy!" kind of place at the moment. I guess it will all depend on who the president is by then.
I'm not really clear on what the article means by the US as 'producers' of fossil fuels. Are the oil reserves they are tapping on American soil? Does this include international wells that are being tapped? etc. Just all seems a bit vague when it comes to things other than money.
Which, at the end of the day, is why the US has such a fixation on fossil fuels - they make lots of money.
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