December 4, 2013
Last month, the International Energy Agency said that by 2015 the United States will surpass Saudi Arabia and Russia as the world’s biggest oil producer and is on track to become energy self-sufficient in two decades. The agency added that for the next 10 years the recent U.S. and Canadian success with shale oil drilling and increased production from Brazil will reduce the role of the Organization of the Petroleum Exporting Countries as the world’s most prominent oil producer.
It also said the U.S. is moving “towards meeting all of its energy needs from domestic resources in 2035,” and that autonomy has been a major objective that has evaded the U.S. (To be clear, it’s been a thorn in the side of every U.S. president since Eisenhower.)
Read more: http://www.usnews.com/opinion/blogs/economic-intelligence/2013/12/04/the-us-will-be-the-worlds-biggest-oil-producer-but-for-how-long