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Commodities Briefing - Categorized | Market Pulse, Oil more

Is the US oil boom coming to an end?

Posted on 20 March 2013

Though US oil production is experiencing steady expansion, Graeber writes, it’s starting to slow down and with it potentially goes the revenue on which Paul Ryan’s budget plan depends.
The United States is expected to lead the pack among non-OPEC members in terms of oil supply growth for 2013. That’s the assessment from this month’s market report from the Vienna-based cartel. OPEC said it projected U.S. oil supply growth of around 600,000 barrels per day in 2013, with most of that coming out of tight oil formations in the country………………………………………..Full Article: Source


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