Reassuring US oil and gas scene

Gurney, Judith; 01/07/2012

A recent report by the US National Petroleum Council noted the existence of sufficient oil resources offshore in the Gulf of Mexico, in shale and tight oil deposits, and in the Arctic, to meet US demand for decades, without resorting to imports. It said that the US natural gas resource base could supply more than 100 years of demand at current consumption levels.

Article details

PR Jul 2012 - p24-25.pdf

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Journal title: Petroleum Review

Region: North America

Publisher: Energy Institute

Countries: USA - Gulf of Mexico -

Subjects: Trading, Gas markets, Oil markets, Policy and Governance, Economics, business and commerce, Oil and gas extraction, Transportation, Transmission and Distribution, Crude oil, Natural gas, Oil and gas, Oil, Solid fossil fuels and derived products, Primary energy production