Foreign Policy Blogs

U.S. to Overtake Saudi Arabia in Oil Production by 2020 — Not So Fast…

 

IEA-Oil-demand ; Source: http://sweetcrudereports.com

 

In a recent report by the Paris-based IEA, it was forecasted that the United States would become the largest global oil producer, thereby overtaking Saudi Arabia, by around 2020. Not so fast! As Jen Alic of Oilprice.com rightly points out: “We cannot compare total combined liquid hydrocarbons produced by the U.S. with Saudi Arabia’s strictly crude oil production.”

I just wanted to alert readers to this article for an interesting look behind the numbers — please follow this link:

Energy PR at its Worst

 

Author

Roman Kilisek
Roman Kilisek

Roman Kilisek is a Global Energy & Natural Resources Analyst.
His research focuses on global energy politics, mining, infrastructure and trade, global political risk and macroeconomics. He is fond of using scenario development and analysis.

He has lived on three continents and traveled to over 40 countries around the world. He now lives and works in New York City.

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