Here's one way to think about the scope of the U.S. shale oil boom — by 2025 it could rival Saudi Arabia's ramp up decades ago as "the greatest increase seen over a sustained period in the industry's history," according to the IEA. Their new World Energy Outlook released last night seeks to put the U.S. oil and natural gas boom in historical context.

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Reproduced from IEA World Energy Outlook 2017, OECD/IEA

Check out the chart above: The baseline forecast for an eight million barrels per day rise in U.S. shale oil production from 2010-2025 "would match the largest sustained rise in production ever seen in an individual country, which was in Saudi Arabia from the late 1960s to the 1980s."

Why it matters: The comparison puts the growing leverage of the U.S. in global crude oil markets into stark relief and helps explain why Saudi Arabia and other OPEC producers are struggling with how to adapt to the re-emergence of the U.S. as a key petro-state.

Don't forget about gas: "For natural gas...the rise in US shale gas projected from 2008 to 2023 would exceed the growth in gas output in the Soviet Union between 1974 and 1989: this was the period when the gigantic gas finds of Western Siberia, Urengoy and Yamburg, were developed for the domestic market and for export to Europe."

Big picture: The U.S. is already a net exporter of natural gas, and is poised to become the world's largest LNG exporter by the mid-2020s, IEA forecasts. The U.S. is poised to become a net oil exporter by the late 2020s. Bloomberg looks at the IEA's projections for the U.S. here.

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Bill Clinton slams McConnell and Trump: "Their first value is power"

Former President Bill Clinton on Sunday called Senate Majority Leader Mitch McConnell's (R-Ky.) vow to fill Ruth Bader Ginsburg's vacant Supreme Court seat before the next presidential inauguration "superficially hypocritical."

The big picture: Clinton, who nominated Ginsburg to the court in 1993, declined to say whether he thinks Democrats should respond by adding more justices if they take back the Senate and the White House in November. Instead, he called on Republicans to "remember the example Abraham Lincoln set" by not confirming a justice in an election year.

Pelosi: Trump wants to "crush" ACA with Ginsburg replacement

House Speaker Nancy Pelosi said on ABC's "This Week" on Sunday that President Trump is rushing to replace the late Supreme Court Justice Ruth Bader Ginsburg because he "wants to crush the Affordable Care Act."

Why it matters: Pelosi wants to steer the conversation around the potential Ginsburg replacement to health care, which polls show is a top issue for voters, especially amid the coronavirus pandemic. The Trump administration has urged the courts to strike down the law, and with it, protections for millions with pre-existing conditions.

Mike Allen, author of AM
Updated 2 hours ago - Politics & Policy

Democrats' Armageddon option

A makeshift memorial outside the Supreme Court yesterday. Photo: Jose Luis Magana/AFP via Getty Images

Furious Democrats are considering total war — profound changes to two branches of government, and even adding stars to the flag — if Republicans jam through a Supreme Court nominee, then lose control of the Senate.

On the table: Adding Supreme Court justices ... eliminating the Senate's 60-vote threshold to end filibusters ... and statehood for D.C. and Puerto Rico. "If he holds a vote in 2020, we pack the court in 2021," Rep. Joe Kennedy III (D-Mass.) tweeted.