America On Target to Be World's Leading Oil Producer



The United States is positioned to beat out Saudi Arabia as the world's top oil producer. Bloomberg News reported this morning that the U.S. average daily output will climb 14 percent this year, the most in six decades, according to the Energy Department.

Even though America’s 6.8 million barrels a day in November was 30 percent less than Saudi Arabia’s 9.7 million, the International Energy Agency says the U.S. will be bigger by 2020.

As for alternative energy, a new study out of the University of Delaware and Delaware Technical Community College finds that by 2030, it would be possible to power 99.9 percent of one of the nation's larger power grids with solar and wind energy.

“Aiming for 90 percent or more renewable energy in 2030, in order to achieve climate change targets of 80 to 90 percent reduction of the greenhouse gas carbon dioxide from the power sector, leads to economic savings,” the study authors wrote. "These results break the conventional wisdom that renewable energy is too unreliable and expensive.”