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Oil shale boom will keep rocking world crude prices as US moves closer to becoming net exporter

From cnbc.com

The U.S., now the world's largest oil producer, is playing the role of disruptor in the global energy market. Production has grown to a record 12.1 million barrels a day, eclipsing both Russia and Saudi Arabia in the past year. Exports have exceeded 3 million barrels a day, overtaking many OPEC nations. The implications are significant for both the U.S. and the oil market, which has seen huge price swings in just the past six months alone. "Within the next two or three years, the U.S. will be a net exporter. By the end of the year, the U.S. will be producing 13 million barrels a day. This growth is a seismic event ... (full story)

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  • Category: Fundamental Analysis