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Drill baby drill
Surging oil output will push US towards energy independence in 2020, Dept of Energy says
The Department of Energy forecasts U.S. oil production will jump from 10.9 million barrels per day in 2018 to 12.9 million bpd in 2020.
The same year, the nation will start exporting more crude oil and fuel than it imports, the agency says.
Natural gas output is also seen hitting new all-time highs.
The U.S. will make major strides towards energy independence in the next two years as oil production and exports hit new highs, according to the Department of Energy.
U.S. oil production, already at an all-time high this year, will increase by another 2 million barrels per day by 2020, the agency's statistics bureau projects. The same year, the nation will start exporting more crude oil and fuel than it imports, the Energy Information Administration said in in its latest forecast.
https://finance.yahoo.com/news/surging-oil-output-push-us-203000490.html
Remember, 10 years ago, Obama said $5/gallon was the "proper and correct" price of gasoline.