The U.S. oil production is growing so fast that we could soon surpass Saudi Arabia as the largest oil producers, that’s according to Yahoo finance.
With new drilling methods in place and the drive to beat high oil prices, the U.S. is on track to a 7% rise this year alone and an average of 10.9 million barrels a day.
However this does not translate into cheaper gasoline. The price at the pump is expected to stay relatively high for the next few years because of growing demand in other nations. Analyist say this does give the country a significant boost ecomony wise.
… I think I’d rather have cheaper gasoline!