Thu, May 5, 2016
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Is it time for the U.S. to join OPEC?

Posted on 16 November 2012

The announcement by the International Energy Agency that the U.S. will surpass Saudi Arabia in oil production by 2020 is testimony to the power of technology to change an industry.
The U.S. is developing so-called tight oil reserves, including the huge Bakken shale formation in Montana and North Dakota, by extracting the oil through hydraulic fracturing and horizontal drilling, techniques that weren’t available 30 years ago………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 45687 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
May 2016
S M T W T F S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031