API: Oil, gas boom helping U.S. become "energy superpower"

02/4/2013 | MarketWatch

The U.S. is becoming an "energy superpower" because of the oil and natural gas development boom, the American Petroleum Institute said. The U.S. is first in natural gas production and third in oil production globally, said Karen Moreau, executive director of API's New York State Petroleum Council. For the first time in many years, "we are able to see that our energy supply is no longer limited, foreign and finite; it is American and abundant," she said.

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