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U.S. soon to overtake Russia as top oil producer

Posted on 14 October 2013

The U.S. will become the world’s largest oil producer next year, overtaking Russia thanks to its shale oil boom which has remade the global energy landscape, the West’s energy watchdog said.
The prediction comes only days after estimates by the U.S. government showed the spectacular growth in production has allowed the world’s largest oil consumer to reduce imports so drastically that it has lost its ranking as the world’s biggest oil importer to China. “The U.S.’s place in the driver’s seat of growth is also a throwback to decades past,” the International Energy Agency, or IEA, said in its monthly report late last week………………………………………..Full Article: Source


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