American Oil To Out Produce Saudi Arabia By 2017.

Looks like America's Peak Oil wasn't in the 1970's afterall.

I'm sure they held this news until AFTER the election. And if Romney were elected, it would look like his doing.

But Obama is so anti-oil...

Despite Obama's EPA which has held up drilling on public lands, fracking has opened up older oil fields on private property.

http://www.politifact.com/truth-o-meter ... ercent-ye/

Obama’s presidency, the offshore volume fell for several years, and it was erratic even during a phase in which it rose, EIA figures show.

Yet onshore oil production generally rose on federally owned land -- and did again in 2011, by 3.7 percent. Offshore production that took the hit, falling 16.8 percent.

So the big story of the one-year dropoff in public production is the Deepwater Horizon oil spill of 2010. A six-month moratorium on exploratory drilling followed — though it by no means stopped gulf oil production— along with changes in regulation that forced the industry to adjust.