>ISTANBUL (Reuters) - Total oil production in the United States will be nearly equal to that of Russia and Saudi Arabia combined by 2025, the head of the International Energy Agency (IEA) said on Friday.
Fatih Birol made the comment in an interview with Turkey’s state-owned Anadolu news agency.
Shortest article ever?
In all seriousness I don’t think this is the worst thing for any of the three countries. Most new US production is higher cost (fracking), so the drop in market share is at least met with a stronger price floor for all.
Fatih Birol made the comment in an interview with Turkey’s state-owned Anadolu news agency.
Shortest article ever?
In all seriousness I don’t think this is the worst thing for any of the three countries. Most new US production is higher cost (fracking), so the drop in market share is at least met with a stronger price floor for all.