Friday, October 18, 2013
The Incredible Change in America’s Oil Fortune
As recently as just one year ago, who would have ever thought you would see a headline such as this? It is expected that the United States will surpass Saudi Arabia as the world’s largest total supplier of oil in 2013. Experts believe all this oil will eventually bring down the price of gasoline and other fuels, which would delight many Utah consumers. At the least, it makes America’s oil-dependent transportation system more secure and consistent going forward as our economy is not beholden to other oil-producing countries whose corresponding political or economic views may differ from ours.