Tuesday, November 14, 2017

Try



convincing "Joe sixpack" on the street of this.




And of course it comes from the BBC right?
Almost like they don't want you to know.

"The IEA, which tracks the energy for 29 countries, said the US - once reliant on imports - is becoming the "undisputed global oil and gas leader".

It expects the US to account for 80% of the increase in global oil supply to 2025, driven by increases in shale."

"That will keep prices down and help make the US a net exporter of oil - in addition to gas - by the late 2020s.

"The US Energy Information Administration estimated that the US became the world's top petroleum and natural gas producer in 2012."

"The emergence of the US "represents a major upheaval for international market dynamics", said Dr Fatih Birol, IEA executive director."

"US oil and gas output is projected to surpass that of any other country in history, due to "a remarkable ability to unlock new resources cost-effectively".

I wouldn't hold my breath about that:

"will keep prices down"

Part.

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