Zak Smith 9/22/11 NORTH AMERICAN REALM Quote and source: “This is a historic shift that’s occurring, recalling the time before World War II when the U.S. and its neighbors in the hemisphere were the world’s main source of oil…To some degree, we’re going to see a new rebalancing, with the Western Hemisphere moving back to self-sufficiency.”—Daniel Yergin, an American oil historian. NY Times September 19, 2011. Synopsis: For years, America has been depended on foreign countries for the majority of their oil. Their imports have come mainly from the Middle East, but now that new oil reserves have been found in the United States and Canada, this is not as big of an issue. Canada’s new oil hotspot will help to shift the oil stranglehold to the western hemisphere but the new, larger game changer is the shale formation in North Dakota that is producing 400,000 barrels of oil a day. The oil found in North Dakota was due to persistent exploration and new technology known as
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This note was uploaded on 02/13/2012 for the course GEOG 259 taught by Professor Staff during the Fall '08 term at UNC.