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                  IEA: US World's Biggest Oil Producer By 2016

   The International Energy Agency says that by 2016 the United States
   will surpass Saudi Arabia and Russia as the world`s biggest oil
   producer and is on track to become energy self-sufficient in two
   decades.
   The IEA said Tuesday that for the next 10 years the U.S. success of
   shale oil drilling in the mid-country states of North Dakota and Texas
   will reduce the role of the Middle East-dominated Organization of
   Petroleum Exporting Countries as the world`s most prominent oil
   producer.
   But the Paris-based adviser to 28 energy-consuming nations said the
   U.S. position as the top world oil producer will end by the mid-2020s
   as resources diminish at the fields being tapped at the moment. The IEA
   said Middle East countries will then provide most of the increase in
   the global oil supply.
   In its annual World Energy Outlook, the IEA said the U.S. is moving
   steadily "towards meeting all of its energy needs from domestic
   resources in 2035." Energy self-sufficiency has long been a goal of
   American leaders.
   Across the globe, the IEA said the demand for energy will increasingly
   be driven by emerging economies, and that China will surpass the United
   States as the world`s largest oil consumer by about 2030. The report
   said that China, India and the Middle East will drive global energy
   demand one-third higher.
   But the IEA said energy security throughout the world is being
   undermined by high prices, with oil prices at more than $110 a barrel
   since 2011.
   The IEA`s executive director, Maria van der Hoeven, said that such "a
   sustained period of high oil prices is without parallel." But the
   agency predicted oil will go even higher, reaching $128 a barrel by
   2035.
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   [1]http://www.voanews.com/content/iea-us-worlds-biggest-oil-producer-by
   -2016/1788573.html

References

   1. http://www.voanews.com/content/iea-us-worlds-biggest-oil-producer-by-2016/1788573.html