Now, after half a century as a net importer, the U.S. is poised in the coming decade to become a net exporter, as imports from historic sources decline and demand for U.S. energy products abroad grows. According to the IEA’s World Energy Outlook , the U.S. is set to be a dominant force in energy production for the foreseeable future, as the surge from shale triggers the biggest boom in production in more than 50 years. By 2025, increases in U.S. gas and oil production will turn the country into a net exporter of fossil fuels for the first time since 1948. The U.S. will remain the “undisputed leader” in oil and gas markets “for decades to come,” according to the IEA. This prediction is derived in part from the IEA’s calculation of the recoverable reserves in the U.S., particularly shale, which the agency increased by about 30 percent […]