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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.

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