HUFFINGTON POST / REUTERS: The United States will become the world’s largest oil producer next year – overtaking Russia – thanks to its shale oil boom which has transformed the global energy landscape, the West’s energy watchdog said on Friday.
The prediction comes only days after estimates by the U.S. government showed the United States, the world’s largest oil consumer, has ceded its ranking as top global oil importer to China, thanks to the shale revolution cutting import needs…
The U.S. resurgence as an oil producer is already reshuffling the cards in the game of world energy diplomacy, playing it a new hand in relations with long-term ally and top OPEC producer Saudi Arabia… (more)
EDITOR’S NOTE: The Financial Times reports that the U. S. is to become the world’s second largest oil producer, second to Saudi Arabia.
