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BP: US is becoming self-sufficient in energy

Within the next 20 years the United States will be producing so much energy - alongside a slowdown in consumption growth - that it will only be a matter of years before the country is completely self-sufficient, says BP in a new report.

The rapidly increasing production of oil and gas in the United States is about to seriously alter the landscape of energy producers, importers, and exporters around the world, says BP in a new analysis.

The analysis, which draws a picture of the energy market ahead of 2035, points first and foremost to the fact that US energy production will increase by 24 percent, while consumption will only grow three percent. Furthermore, there will be a radical switch from oil and coal to gas and sustainable energy, says BP.

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