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ENERGY & ENVIRONMENT

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International Energy Agency Says U.S. Will Be World’s Largest Oil Producer By 2020

via Tiffany Hsu, Los Angeles Times The U.S. will become the world’s top producer of oil within five years, a net exporter of the fuel around 2030 and nearly self-sufficient in energy by 2035, according to a new report from the International Energy Agency. It’s a bold set of predictions for a nation that currently … Continue reading

Congress Revolts On Obama Plan That Would Ban ‘Buy American’

via Zach Carter, The Huffington Post A group of 68 House Democrats and one Republican sent a letter to President Barack Obama on Thursday urging him to reconsider an element of the controversial free trade agreement currently being negotiated by the administration. If approved in its current form, the pact would effectively ban “Buy American” … Continue reading

China Set To Frack America In Shale Deal With Devon

via Christopher Helman, Forbes Showing that it isn’t worried about the upswell of angst over hydraulic fracking technology, the Chinese government, through state-controlled Sinopec, today struck a deal with Devon Energy to buy into five prospective new exploration areas in the U.S. The deal, which includes $900 million in cash upfront and a promise of … Continue reading

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