USA to Become World's Largest Oil Producer

Not really sure if this news is prophetic or not...but it is interesting none the less.

A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen rapidly since 2008 and oil imports are at their lowest level in two decades.

President Obama says natural gas production could support 600,000 jobs by the end of the decade. Most of these positions are highly desirable from a financial standpoint. Drilling and support jobs pay about $34.50 an hour, 50% more than the national average according to The New York Times.

Here; http://www.cnbc.com/id/49791905

Wow!  Can you imagine how this could change the balance of things if we don't have to buy oil from Muslim nations who hate us?

For now, we are willing to put this article in the column of "good news".