Friday 27 February 2015

​US won’t overtake Saudi Arabia as biggest oil exporter – head of IEA — RT Business

​US won’t overtake Saudi Arabia as biggest oil exporter – head of IEA — RT Business:



"Despite being the biggest crude oil producer, the United States won’t be able to export more than the current world leader Saudi Arabia, says the new head of the International Energy Agency (IEA) Fatih Birol.



“The United States will never be a major oil exporter. Their import needs are getting less but the US is not becoming Saudi Arabia,” Birol told The Telegraph’s Middle East Congress.



“Their production growth is good to diversify the market but it will not solve the world’s oil problems,” he added."



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