12 Nov '12, 5pm

U.S. could be the world's biggest oil producer within a decade, @IEA report says #oil

12 Nov 2012: U.S. Could Be World’s Largest Oil Producer Within a Decade, Report Says Advances in drilling for unconventional fossil fuels could make the U.S. the world’s biggest oil producer within a decade, a shift that could transform the global flow of energy for all regions of the world, High-Risk Energy Boom Sweeps Across North America Energy companies are rushing to develop unconventional sources of oil and gas. So far, Keith Schneider writes, the government has shown little concern for the environmental consequences. READ THE e360 REPORT according to a new report from the International Energy Agency (IEA). According to the organization’s World Energy Outlook , the U.S. could become a net exporter of natural gas by 2020 as a result of advances in drilling, including for shale gas, and “almost self-sufficient” in energy by 2035. In addition, once North America becomes...

Full article: http://e360.yale.edu/digest/us_could_be_worlds_biggest_oi...

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