Oil

US Set to Become World's Top Oil Producer for a While

Thanks to fracking

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The US is poised to become the world's largest oil producer beginning in 2015. But its reign will be fleeting as the Middle East reasserts itself two decades from now.

Why? America's oil boom won't last forever, according to an annual outlook released Tuesday by the International Energy Agency (IEA). And the technologies that have fueled that North American boom in shale rock formations won't be easily replicated in the rest of the world.

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