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Sunday, March 11, 2012 at 12:08 AM
12:08AM

The oil renaissance in the Western Hemisphere

DateSunday, March 11, 2012 at 12:08AM

Bunch of big ads run by Cambridge Energy Research Associates (CERA) in the WSJ last week. All part of its annual confab of industry biggies.

The most interesting factoid to me was the rise in liquid fuel production in the W Hem from 2000 to 2020: from 12.2 million barrels a day to 19.6.

With conventional oil decreasing in both US and Canada, the three reasons for the up-tick are "tight oil" production in the US, oil sands production in Canada and Brazil ramping up new production. US will be up over 10mbd - just barely - come 2020, with about 1/4 coming from unconventional sources.

AuthorThomas P.M. Barnett CommentPost a Comment |
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