NEW YORK ( TheStreet) -- The midyear report of the International Energy Agency has been released in London and it tells a story we already knew -- North American oil supplies continue to grow, decreasing the need for the United States to import as much oil from the Middle East and elsewhere.But the IEA goes further in its predictions, calling for a "supply shock" that will change the politics of oil across the globe, infecting not only the chain of supply for oil, but also the chain of production for refined products like gasoline, heating oil and jet fuel.
Dicker: U.S. Energy Independence Is Nigh
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