Home / World / US will become a net oil exporter within 10 years, says IEA

US will become a net oil exporter within 10 years, says IEA

International Energy Agency says US oil production between 2010 and 2025 will grow at a rate unparalleled in history

The shale revolution in north America means the US is destined to become a net oil exporter within 10 years, for the first time since the 1950s.

The International Energy Agency said it expected that American oil production between 2010 and 2025 would grow at a rate unparalleled by any country in history, with far-reaching consequences for the US and the world.

Continue reading…

Check Also

John Lasseter taking leave from Pixar, citing ‘missteps’ and ‘unwanted hugs’

The head of Disney Animation will take a six-month sabbatical after stating he has unintentionally made staff members feel ‘disrespected or uncomfortable’ Disney Animation head John Lasseter will take a six-month leave of absence after confessing to unspecified “missteps”. In a company memo, obtained by the Hollywood Reporter, Lasseter writes that he has fallen short in creating a culture that engenders “support and collaboration” and hints at behavior that he has been confronted about. Continue reading...