An interesting read on NBC News:
http://www.nbcnews.com/business/u-s-overtake-saudi-arabia-top-oil-producer-1C6983978
Hope this is an accurate story.
The problem is most of the oil is being drilled by foreign companies. The US is getting screwed.
It sounds more like a planted story from an oil company. Probably intended to give its lobbyists and their wholly-owned politicians an excuse to stop alternative energy research.