US can become world’s biggest oil producer in a decade, says IEA

http://www.guardian.co.uk

US can become world’s biggest oil producer in a decade, says IEA

The US could become self-sufficient, while 90% of Middle Eastern oil could go to China, according to new estimatesThe US will shed its long-standing dependence on Saudi Arabian oil within the next decade, redrawing the world’s political systems, heralding a new era of geopolitics – and potentially leading to runaway global warming. In a report released on Monday, the world’s foremost energy watchdog, the International Energy Agency (IEA), said the US will benefit from so-called unconventional sources of oil and gas, including shale gas and shale oil, derived from blasting dense rocks apart to release the fossil fuels trapped within.