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Wednesday, September 21, 2011

Energy:  New Fields May Propel Americas to Top of Oil Companies' Lists

For the first time in decades, the emerging prize of global energy may be the Americas, where Western oil companies are refocusing their gaze in a rush to explore clusters of coveted oil fields.
The hemisphere's oil boom is all the more remarkable given that two of its traditional energy powerhouses, Venezuela and Mexico, have largely been left out, held in check by entrenched resource nationalism. Venezuela is now considered to have bigger oil reserves than Saudi Arabia, putting it at the top of OPEC's rankings.
The United States already produces about half of its own oil needs ....

For more, see New Fields May Propel Americas to Top of Oil Companies' Lists by Simon Romero, September 19, 2011 at NYTimes.com.

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