World News: America's oil independence up for auction

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America's oil independence up for auction

America's oil independence up for auction

According to reports, the US will be the largest oil producer by 2015 and the steps to making that happen are now under way. On Wednesday, dozens of big oil companies gathered in New Orleans to bid on plots for drilling rights from the US government. Chris Williams, professor of physics and chemistry at Pace University, brings us more on how the US plans to become a major player in the oil industry. RT America LIVE rt.com Subscribe to RT America! www.youtube.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com
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