U.S. on new track to catch Saudis in oil production

CBS News: Despite rising gas prices, oil production is surging in this country. That has some predicting the U.S. could eventually overtake Saudi Arabia as the world's largest petroleum producer by 2020. In the middle of a Colorado cornfield, sandwiched between cattle and farm houses, is the front line of an American oil boom. "We plan to invest over $8 billion over the next five years here, so we're really excited," said Mike Dickinson, who works for Noble Energy, which is doubling it's production in...

URL: http://www.cbsnews.com/8301-18563_162-57561042/the-secret-to-catching-the-saudis-in-oil-production/