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  • cure_time_varies cure_time_varies Feb 3, 2013 11:33 PM Flag

    U.S. to become an energy exporter under Obama policies

     

    The United States seized Russia's spot as the world's largest gas producer in 2012, and is due to produce significantly more from 2015.

    A recent confidential study by the German intelligence agency (BND) suggested the United States could turn from being the world's greatest energy importer in the recent past to an oil and gas exporter by 2020, reducing its dependence on the Middle East and thereby giving it much more freedom in policy making.

    German Economy Minister Philipp Roesler said: "Many German firms have opted for (relocation to) the United States, saying energy prices were the decisive factor...We are already seeing that we are suffering with our higher energy prices…it affects our own competitiveness."

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