Figures that this would get coverage, but none of the analysis that shows how full of crap this report is. The US production of *crude oil* is only about 6.2 mmb/day - substantially lower than the ~10mmb/day produced by the Saudis. The IEA has included Natural Gas Liquids (NGL) in their numbers to magically claim the significant increase in US production. Given that the US consumes about 17-18 mmb/day of crude oil, it would take nothing less than a seismic shift in either production or consumption to achieve 'self sufficiency'.
Not to completely downplay the significance - we are indeed awash in far more natural gas products than in the recent past and that shouldn't be missed. However, there is a lot of evidence that the depletion curves of the shale plays are not favorable, so extrapolating what is occurring now out 10-15 years is a fools game.
In other words, this is basically a PR piece designed to assure investors that the oil industry is 'A-OK' - no need to worry and keep pouring the money in. Taking it as actually reflecting anything about reality would be a mistake.