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Commodities Briefing - Categorized | Market Moves, Oil more

Keep your oil, OPEC!

Posted on 05 November 2012

Oil industry economist and consultant Philip K. Verleger, Jr. recently predicted that the United States will export more energy than it imports within a decade. Five, certainly ten years ago, to make such a claim would require someone smoking some pretty strong stuff. Today, they would likely be viewed as overly optimistic.
That optimism may not be altogether unfounded. First, American consumers and businesses are more fuel efficient. As Ezra Klein showed in the Washington Post, the US is squeezing more GDP from a barrel of oil than ever………………………………………..Full Article: Source


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VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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