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 historyThe 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...