US to Become Biggest Oil Producer by 2020
►http://www.globalpolicy.org/social-and-economic-policy/the-environment/environmental-degradation/52054-us-to-become-biggest-oil-producer-by-2020.html?itemid=id#49425
Al Jazeera
November 13, 2012
In its World Energy Outlook, the International Energy Agency has revealed that the US will overtake Saudi Arabia and become the world’s largest oil and gas producer by 2020. An energy-independent US will translate to a different approach to US foreign policy, especially with regards to the Middle East says the report, though the Middle East will continue to have the largest and most low-cost fields. The report predicts an increasing reliance on new kinds of gas production such as the notorious “fracking” of shale gas. The impact of greenhouse emissions caused while extracting Shale gas is expected to be low, however its actual global warming potential is “yet to be determined” but heavy emissions from gas and oil shale production are well-known.
