A recent report by the International Energy Agency has come out saying that the United States will surpass Saudi Arabia as the largest producer of oil in the world by 2017 and could be entirely energy self-sufficient by 2030. What does that mean for you at the pump? Before you pop the cork on that bottle of champagne, listen to what Motley Fool analyst Morgan Housel has to say about what this could mean for gas prices, what it will mean for Big Oil investors, and how much weight we can really put behind these findings.
Austin Smith and Fool contributor Morgan Housel have no positions in the stocks mentioned above. The Motley Fool owns shares of ExxonMobil. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.