This year might come down as a significant landmark in many aspects – in the world of energy it will be THE year when U.S. oil production skyrocketed to heights previously unknown.
By the end of 2018 the United States is expected to overtake Russia as the leading crude producer in the world, only to further stretch its lead in the years afterwards.
U.S. producers have wisely opted for free-riding on the OPEC+ supply cut which led us to crude price levels that are largely acceptable for all – in fact, they are so agreeable in regard to U.S. output that there seems to be no way of stopping it.
Thanks to considerable technological breakthroughs in developing shale plays, the U.S. has doubled its oil output in the past 10 years and looks set to increase annual output at an average rate of 1 mbpd in 2018-2020. …View the full post at: 5 Stocks To Watch As Oil Prices Rise …
Related Articles:
Enterprise Group (TSX:E) Brings the Heat to Farmers and Investors
The Tech That Could Transform The Oil Sands Industry
Producers Pushing Permian Basin to Become the Third-Largest Oil Region in the World
This Unknown Mining Stock Could Be Worth 600% or More Based On Upcoming Catalysts
