Technology is rapidly improving our ability to find oil and gas. It means “peak oil” may not be as close as we thought, and the United States is becoming less dependent on foreign oil:
“Right now, the map of who sells and who buys oil and natural gas is being radically redrawn. Just a few years ago, imported oil made up nearly two-thirds of the United States’ annual consumption; now it’s less than half. Within a decade, the U.S. is expected to overtake Saudi Arabia and Russia to regain its title as the world’s top energy producer. Countries that have never had an energy industry worth mentioning are on the brink of becoming major players, while established fossil fuel powerhouses are facing challenges to their dominance. We are witnessing a shift that heralds major new opportunities—and dangers—for individual nations, international politics and economics, and the planet.”
Get the Longreads Weekly Email