Traditional geopolitical relationships would be turned upside down, with such resource-poor and technology-rich countries as Israel and Japan suddenly able to achieve energy self-sufficiency, while the oil-producing dictatorships would finally have to face the consequences of decades of squandered wealth.

ECONOMIST: Expedient

The report further indicates that by 2035, the US will reach energy self-sufficiency and go from being an importer of oil we currently import 20 percent of our total energy needs from other nations to a net oil exporter.

FORBES: IEA Report: USA Set To Become Number One Oil Producer By 2020-Energy Independent By 2035

The good news is that we can dramatically increase our energy self-sufficiency in the transportation sector where we currently consume 70 percent of the oil, some two-thirds of which is imported.

CENTERFORSECURITYPOLICY: Energy Freedom Now