{"id":5491,"date":"2013-02-11T02:40:55","date_gmt":"2013-02-11T06:40:55","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=5491"},"modified":"2013-02-11T02:40:55","modified_gmt":"2013-02-11T06:40:55","slug":"mukesh-ambani-says-us-could-become-energy-independent-by-2018","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/mukesh-ambani-says-us-could-become-energy-independent-by-2018-5491","title":{"rendered":"Mukesh Ambani says US could become energy independent by 2018"},"content":{"rendered":"<p>Mukesh Ambani, chairman Reliance Industries Ltd. (IN:RIL) said the United States of America could become energy independent as early as 2018 considering the fast paced growth of its shale oil and gas sector.<\/p>\n<p>Reliance Industries Ltd. (IN:RIL) operates the world largest oil refineries fleet. Ambani also said that the Americans have been hoping to be self reliant in the power and energy sectors \u201cFor many decades\u201d however he never saw prospects for real growth in this direction, until quite recently.<\/p>\n<p>Wile is talking to the TV show\u2019s anchor, he said, \u201crealistically\u201d speaking he could see the American dream coming true, in the coming \u201cfive to seven years\u201d. The US energy sector will fundamentally transform in the coming fiscal year, freeing the country of its reliance on imported energy.<\/p>\n<p>I am \u201coptimistic\u201d that global economy especially the US market will start to recover from fiscal crunch beginning \u201cthis year\u201d, he said.<\/p>\n<p>In response to the potential impacts of armed intervention in Iranian territory on the oil prices he said the global energy market had enough \u201cspare capacity\u201d to deal with the \u201ceventualities\u201d. About 85% of the energy consumption in America consists of oil, natural gas and coal. Oil accounts for almost 40% of the total annual energy consumption in the country.<\/p>\n<p>The 55 year old, billionaire would be talking further on the subject in an interview to a popular news channel.<\/p>\n<p>The Reliance Industries Ltd. (IN:RIL) shares were down by 1.07% to close at $836.55<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani, chairman Reliance Industries Ltd. (IN:RIL) said the United States of America could become energy independent as early as 2018 considering the fast paced [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":5492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[265],"tags":[1623,1624],"stock_ticker":[],"class_list":["post-5491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-inril","tag-reliance-industries-ltd-inril","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mukesh Ambani says US could become energy independent by 2018 - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/mukesh-ambani-says-us-could-become-energy-independent-by-2018-5491\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mukesh Ambani says US could become energy independent by 2018 - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Mukesh Ambani, chairman Reliance Industries Ltd. 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