US To Surpass Saudi Arabia To Become World's Largest Oil Producer By 2015, IEA Says [Graph]

 @David_Kashi
on November 12 2013 2:12 PM
US dependece on foreign oil declining
America’s dependence on foreign oil has gone down every single year since 2007. The White House

The U.S. will surpass Saudi Arabia as the world’s biggest crude oil producer by 2015, two years earlier than the International Energy Agency estimated a year ago, according to a report released by the group on Tuesday.

Thanks to new technologies, like fracking and horizontal drilling, that can tap previously unreachable reserves, the U.S. energy landscape is changing.

The agency’s annual World Energy Outlook, released in London, said that while the U.S. will surpass Saudi Arabia in 2015, U.S. shale production will fall starting in 2030.

Change in prodcuiton regions Change in production by fuel in selected regions.  International Energy Agency

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