Recently Released Market Study: United States Oil & Gas Report Q3 2013
Crude oil production in the United States has surpassed the 7mn b/d mark and we forecast that it will reach 7.2mn b/d in 2013. We believe that the consumption patterns in the US have gone through a structural shift over the past four years towards much greater fuel economy and efficiency. We forecast that oil consumption growth in the US will stagnate and over the longer end of our forecast actually begin a decline.
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