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Newstovote - United States is predicted to shift the position of Saudi Arabia as an energy producer or the world's largest oil and gas in 2015.
However, according to the International Energy Agency report, as quoted by CNNMoney, Wednesday, November 13, 2013, its position as a global energy power will fade over the next decade.
Still according to the report, investing heavily in shale gas production managed to push the rampant occurrence of oil and gas supplies in the U.S.
It was, largely thanks to new fracking technology hidrolic, which process the shale rock, which is a kind of soft rock (shale) which is rich in oil and gas.
However, the limited reserves will limit the surge in shale oil production in the next 10 years.
"Oil shale is a good news for the U.S., but we expect this trend will not continue after the 2020s," said IEA chief economist, Fatih Birol told reporters at the launch of the World Energy Outlook 2013 in London, Tuesday.
It shows that the global oil and gas producers, OPEC countries remains to be the only source of the world's biggest energy costs are relatively low. "Middle East oil is very important for the global oil industry today, and also tomorrow," said Birol.
OPEC oil cartel, which includes Saudi Arabia, United Arab Emirates, and Qatar remain in control of most of the world's oil reserves.
As a major exporter, producer Saudi Arabia is vital to future energy supply. In contrast, the United States relies on a wealth of newly discovered energy for domestic consumption.
Birol said that, despite the growth in U.S. energy supply, and a new era, but it's not one of the 'abundance of oil'. Therefore, there is pressure due to high demand and a decline in production from existing oil fields.
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