Los Angeles Business Journal

Energy Independence in the United States? Don't Pop the Cork Yet

Wednesday, November 14, 2012

The International Energy Agency reported this week that the United States was poised to become the world’s biggest oil producer thanks to new drilling technologies in shale fields across the country. At first look, the changing energy panorama seems implausibly fortuitous, and it is no doubt a strategic game-changer. But the report also warns that the global energy future is still full of challenges, and many energy experts say any celebrations should remain muted, the New York Times reports.