It may come as a surprise, but the U.S. is projected to become the world’s leading oil producer in the year 2020, according to a report from the International Energy Agency.
Though many are accustomed to thinking of the U.S. as an oil consumer, the production of shale oil has driven a rise in domestic production. Using new technology to access shale oil has helped the U.S. increase its oil production. Watch this video from The Wall Street Journal to learn more about how the increase in U.S. oil production will affect the world economy.
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