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If the IEA is right, these 3 ETFs are good long-term bets

Posted on 15 November 2012

The oil patch is aflutter on news that the U.S. could become the world’s largest oil producer by 2020. That factoid comes courtesy of the International Energy Agency, which said the U.S. will surpass Saudi Arabia as the world’s largest crude producer by 2020. By 2030, North America will be a net oil exporter, something the U.S. was last year, according to IEA.
“The recent rebound in U.S. oil and gas production … is spurring economic activity … and steadily changing the role of North America in global energy trade,” the IEA said in its World Energy Outlook released over the weekend………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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