Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, November 12, 2012

US set to become biggest oil producer



US set to become biggest oil producer
The US will overtake Saudi Arabia and Russia to become the world’s largest global oil producer by 2017, according to the International Energy Agency, in one of the clearest signs yet of how the shale revolution is redrawing the global energy landscape.

This marks the first time the IEA, the developed world’s most respected energy forecaster, has made such a prediction. It underscores how the drilling boom that has unlocked North America’s vast reserves of hard-to-get-at oil and gas is changing the world’s oil balance.

http://link.ft.com/r/OZMCDD/IEI9ZQ/V1UB9K/L9AOZR/NR37ID/AZ/h?a1=2012&a2=11&a3=12

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