| 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/ |
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