Today we’re on the global hunt for oil and gas, and yet again it’s
brought us back to one hugely profitable place: our own backyard!
There is a caveat however, and an important chart…
Here’s the thing. Although oil and gas production is ramping up in the U.S. and Canada, it’s not a common occurrence outside of our borders.
Indeed, this was the same theme we covered earlier this year. After hearing from a handful of world’s most knowledgeable oil market analysts at a conference in London, I shared with you two important facts:
There is a caveat however, and an important chart…
Here’s the thing. Although oil and gas production is ramping up in the U.S. and Canada, it’s not a common occurrence outside of our borders.
Indeed, this was the same theme we covered earlier this year. After hearing from a handful of world’s most knowledgeable oil market analysts at a conference in London, I shared with you two important facts:
1. North America will account for 75% of crude output growth in the next five years
2. The U.S. is set to be the largest contributor to global oil growth, with the Eagle Ford and Bakken Ramping up…
If you’ve been reading your daily dispatches this shouldn’t surprise.
The new reiteration, however, is that energy booms like the one America
is experiencing are NOT the global norm.
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