Green Car Congress

MARCH 13, 2015

out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year mb/d, bringing global demand to an average 93.5 mb/d, bringing global demand to an average 93.5 Global supply rose by 1.3 expected US crude supply, raising the 2015 North American outlook. Having bottomed?out

2015 150

2015 Oil Saudi Arabia Market 150

Green Car Congress

JUNE 10, 2013

ARI) to conduct the new world shale resource assessment because shale oil production has become a significant source of oil supply within the United States and because more and better geologic information has become available for shale formations located outside the United States. EIA commissioned Advanced Resources International, Inc.

Oil 281

Oil Algeria United States Argentina 281

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. Then WTI at or near $100 a barrel was common.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150