4 years ago1,000+ Views
The United States will knock off Saudi Arabia as the world's top energy producer by 2015, but its power as a global energy force will fade over the next decade, according to a report from the International Energy Agency. Massive investment in the production of shale gas has driven the U.S. supply boom, thanks in large part to new technologies such as hydraulic fracking, which has made the extraction of oil and gas from shale rock commercially viable. But limited reserves will cap the surge in shale oil output within the next 10 years. "Shale oil is good news for the U.S, but we do not expect this trend will continue after the 2020s," IEA chief economist Fatih Birol told reporters Tuesday, at the launch of the 2013 World Energy Outlook in London.
@caldoofkinjr check it out
4 years ago·Reply
so this is just a short term thing
4 years ago·Reply
well until we run out of oil worldwide
4 years ago·Reply
that may be true @delmontequality
4 years ago·Reply