US to Lead World Oil Production…for a Few Years

On Monday, the International Energy Administration released a new report that projects that the US will pass Saudi Arabia as the world’s leading producer of oil in 2020. U-S-A! U-S-A!

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“The United States, which currently imports around 20% of its total energy needs, becomes all but self sufficient in net terms—a dramatic reversal of the trend seen in most other energy importing countries,” the IEA concluded.

The projection, of course, flies in the face of the allegation that President Obama has destroyed the oil and gas industry in the US with his crushing regulatory agenda. He hasn’t. Crude oil production actually increased 14 percent between 2008 and 2011.

Yet the amount of oil we produce is expected to decline again after 2020. Saudi Arabia is expected to retake the global lead by 2030. So maybe we should be thinking about a Plan B.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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