Well this is interesting.

Minyanville

The International Energy Agency said in its*World Energy Outlook 2012*report that the US could overtake Saudi Arabia as the world's top oil producer by 2017 and become a net oil exporter by 2030."Energy developments in the United States are profound and their effect will be felt well beyond North America – and the energy sector. The recent rebound in US oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity – with less expensive gas and electricity prices giving industry a competitive edge – and steadily changing the role of North America in global energy trade," the report said.