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“Leveraging the same technology, unconventional “light tight oil” production is growing at an even faster rate than shale gas. The United States is now producing more than 2 million barrels a day and adding 75,000 barrels per day to production each month. This is on top of the 6 million barrels per day of current oil production. The United States is on a path potentially to pass Saudi Arabia as the world’s largest oil producer within a decade and is now exporting refined petroleum products for the first time since World War II. Rather than import natural gas, the United States is on pace to export 10 billion cubic feet each day—at a value of some $15 billion a year. On”
― Resource Revolution: How to Capture the Biggest Business Opportunity in a Century
― Resource Revolution: How to Capture the Biggest Business Opportunity in a Century
“On current course, the United States will not need to import crude oil after 2020 from outside North America. This unconventional oil growth will reshape global trade patterns, almost eliminating energy trade across the Atlantic.”
― Resource Revolution: How to Capture the Biggest Business Opportunity in a Century
― Resource Revolution: How to Capture the Biggest Business Opportunity in a Century
XIAOMIN WANG’s 2024 Year in Books
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