US Will Pass Russia by 2015 as Top Oil Producer

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It is reported that the U.S. will surpass Russia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades. This is having a major impact in politics as the Saudis start to worry about losing influence in the wake of the Syrian debacle.. There is a production rise in output from shale formations that we have been able to confirm. (see Financial Post)