According to analyst expectations, the United States is slated to become the top oil producer by 2019, putting the country ahead of Russia and Saudi Arabia.
The International Energy Agency claims the U.S. will become the international leader in oil production due to revitalized tactics by oil companies.
The Daily Mail reports the following:
“The United States will overtake Saudi Arabia and Russia next year to become the world’s largest oil producer.
Surging output from its shale fields boosted output by 846,000 barrels per day in just the three months to November last year.
The country is on course to jump from third largest producer to global leader.
Making the prediction in a report on Tuesday, the International Energy Agency added: ‘All the indicators that suggest continued fast growth in the US are in perfect alignment.’”