The Paris-based International Energy Agency on Monday projected that the U.S. would become the world's top oil producer by 2020, surpassing Saudi Arabia, the reigning king of the oil market. The IEA said the advent of fracking — a controversial drilling technique that has unlocked millions of barrels of oil and natural gas previously trapped in shale rock — had dramatically bolstered the U.S.'s domestic energy supplies and would make the U.S. completely energy-independent by 2035. The development could have profound implications for the global economy and international relations, so much of which is dominated by the U.S.'s dependence on foreign oil, particularly from the Middle East.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why all drugs should be legal. (Yes, even heroin.)
- Comic-Con 2014: Everything we learned about Avengers 2, Batman v. Superman, and more
- 7 ideas from ancient thinkers that will improve your modern life
- Here's the schedule very successful people follow every day
- The big, gaping hole in the liberal policy arsenal
- Blame Obama and U.S. evangelicals for the persecution of Iraqi Christians
- Face it, ladies: We can't all be beautiful
- How to trim $500 from your monthly spending
- Don't hate the 'poor door'
- Are there too many good shows on television?
Subscribe to the Week