2016 Ford Saudi Arabia Supplies 
Green Car Congress
JANUARY 22, 2015
The chart below shows the EIA prediction that production will slowly fall and imports will rise (AEO 2014) after 2016. billion barrels per year, so that’s less than 2 years of supply. Almost all of it is from two plays—the Bakken and Eagle Ford shales. The US imports almost half of the crude oil that we use. We import 7.5
Green Car Congress
JUNE 23, 2016
The argument emerged that having contributed to the collapse of world oil prices, US LTO was the new global swing producer, replacing OPEC leader Saudi Arabia in that role. If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise. on February 11.
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