he 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 ABC threw its Bachelor under the bus
- Why Ted Cruz is the real-life Frank Underwood
- 10 things you need to know today: March 12, 2014
- Why I'm sick and tired of seeing naked women on HBO
- Why are so many elderly Asians killing themselves?
- Here's proof that Justin Bieber is just as spoiled as you always thought
- Here's how Iran is covering Russia's invasion of Crimea
- 22 TV shows to watch in 2014
- How America's internet can become the fastest on Earth
- Repealing ObamaCare would now mean kicking 4.2 million people off their new insurance plans
Subscribe to the Week