The Best Economic News for US

. . . I’ve heard in a long time came from a NPR report today about oil production in America.   If the following prediction is true, it will be an incredible boost to our ecomomy, national security and the American worker in coming decades.

Amy Myers Jaffe of Rice University says in the next decade, new oil in the US, Canada and South America could change the center of gravity of the entire global energy supply. “Some are now saying, in five or 10 years’ time, we’re a major oil-producing region, where our production is going up,” she says.  The US, Jaffe says, could have 2 trillion barrels of oil waiting to be drilled. South America could hold another 2 trillion. And Canada? 2.4 trillion. That’s compared to just 1.2 trillion in the Middle East and north Africa.  Jaffe says those new oil reserves, combined with growing turmoil in the Middle East, will “absolutely propel more and more investment into the energy resources in the Americas.”  

You can listen or read the full article hear: http://www.npr.org/2011/09/25/140784004/new-boom-reshapes-oil-world-rocks-north-dakota