Oil

U.S. Could Become Largest Oil Producer in a Decade, Says IEA

More Middle Eastern oil could head to China

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The US can shed its long-standing dependence on oil from Saudi Arabia and become the world's biggest oil producer within the next decade, theworld's foremost authority in energy said on Monday.

The International Energy Agency (IEA) said that the result of new technology allowing the exploitation of new sources of unconventionalfossil fuels would be a redrawing of the international energy map. In the past five decades, the US has relied increasingly on the Middle East for its oil.

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