Agency: America will surpass Saudi Arabia as the largest oil producer

Source: CNN - 14/11/2012



Predicted and the International Energy Agency (IEA) on Monday, to overtake the United States, Saudi Arabia's largest oil producer, before 2020, and self-sufficiency of the biological material, thanks to several factors that contribute to radically reshape the energy market in the United States.

As the IAEA is expected to continue to decline and U.S. imports of oil to exceed exports imports by 2030.

The IAEA has said, and is based in Paris, in a new report on "International Energy anticipate", said that the boom in oil and gas production, along with efforts to make the energy sector more efficient, are all factors that contributed to the re-drafting of the U.S. energy market.

The U.S. oil industry is witnessing a boom in production thanks to the global rise in the price of material, along with technical progress, allowing the production of oil and gas commercial Ackrien.

During the period from 2008 to 2011, climbed the roof of U.S. production of crude oil by 14 per cent, has also increased its production of natural gas by about 10 per cent during the same period.

And helps the new role of North America in the global energy markets, to accelerate the pace of change the direction of the global oil trade towards Asia, and emphasize the importance of securing supply routes from the Middle East to China and India.

They expected the International Atomic Energy Agency to become Iraq's second largest oil exporter in the world within the next two decades, with the expansion of production, driven by the increasing demand from fast-growing Asian economies.


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