U.S. to Become Largest Liquid-Fuels Producer in 2013, BP Says
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The U.S. will surpass Russia and Saudi Arabia this year to become the largest producer of liquid fuels, BP Plc said.
Liquids output, which includes oil, natural gas liquids and biofuels, will be boosted in the U.S. by tight oil extracted by the same technology that sparked a boom in shale gas, BP said today in its Energy Outlook 2030. Tight oil will account for 9 percent of global supplies by 2030, with North America dominating.