NEWS

The Future For Oil Supply And Prices After The 'Amazon Effect' Stimulates Shale 2.0

The Energy Information Administration (EIA) went out on a limb this past summer and forecast what is already happening: U.S. crude oil production is on track to reach historic highs. This week U.S. crude exports hit a record too, now rivaling those of Kuwait. (Savor the word “exports” after decades of hand-wringing over oil imports.) And in related news: last month Citi issued a forecast predicting U.S. shale oil production will double in five years...

http://www.forbes.com/sites/markpmills/2017/10/06/the-future-for-oil-supply-and-prices-after-the-amazon-effect-stimulates-shale-2-0/

By:
Forbes