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28/09/2020
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US to become the world's top energy producer

World Energy Outlook 2012The US will overtake Saudi Arabia and Russia to become the world's largest global oil producer by the second half of this decade, according to the International Energy Agency, as the shale revolution redraws the global energy landscape

Nov. 15.─ The agency's latest World Energy Outlook said the US could be almost self-sufficient in energy by 2035, marking "a dramatic reversal of the trend seen in most other energy-importing countries". It said the US would overtake Russia as the largest gas producer by 2015.

The resurgence in US oil and gas production, it said, was spurring economic activity "with less expensive gas and electricity prices giving [US] industry a competitive edge". Last week, a Germany industry lobby group warned that US companies are enjoying a rising advantage in energy costs.

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EGYPT: Hosni Mubarak resigns

  • Steps down after 18 days of demonstrations Egyptians celebrate Mubarak's fall
    VicePresident Suleiman reads on TV short statement on resignation

Cairo, Feb.11.─ Hosni Mubarak stepped down as president of Egypt and handed power to the military, bowing to the demands of protesters who have occupied central Cairo for the past three weeks demanding an end to his 30-year rule. Vice President Omar Suleiman made the announcement in a statement on state television today. Bloomberg's Margaret Brennan and Lara Setrakian report on Video.

The 30-second statement on state television was read by Vice President Omar Suleiman at 6:02 p.m. local time:

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