Report: U.S. Will Soon Be World's Largest Oil Producer

A new report says the U.S. will be the world's largest oil producer by the end of this decade.

That's according to the International Energy Agency.

It says the U.S. should take the top spot from Saudi Arabia around 2020.

America's rise to the top is credited to a recent resurgence in oil and gas production.

The same study claims the U.S. could be energy independent by 2030.