The US will become energy-independent as early as 2018: says Mukesh Ambani

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani has said that the United States would become energy-independent as early as 2018. In a recent interview, Mr. Ambani said that he believed that the US had found non-conventional energy in shale oil and gas, which would make the country independent of foreign energy imports in the next five to seven years. Speaking on the topic, the billionaire said, “For many decades we have heard that the US will be independent of the foreign imports of energy. Realistically, it is my judgement this will happen in the next five-seven years.” read more

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani has said that the United States would become energy-independent as early as 2018. In a recent interview, Mr. Ambani said that he believed that the US had found non-conventional energy in shale oil and gas, which would make the country independent of foreign energy imports in the next five to seven years. Speaking on the topic, the billionaire said, “For many decades we have heard that the US will be independent of the foreign imports of energy. Realistically, it is my judgement this will happen in the next five-seven years.” read more

[via Stock Watch – Stock Specific News]

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