CNBC | US shale needs to add another 'Russia's worth of crude' to prevent global oil shortage, IEA warns CNBC U.S. shale oil producers would need to add the equivalent of Russia's entire crude oil production within just seven years to head off a global shortage, according to a global energy watchdog. The International Energy Agency (IEA) said Tuesday there ... US Expected to Produce Half of Global Oil and Gas Output by 2025 The IEA's case against peak oil demand Global oil demand under growing threat from electric cars, cleaner fuel |