Recently, the Energy Information Administration (EIA), the International Energy Agency (IEA) and BP updated their outlooks for U.S. oil production. All of these projections have one thing in common: Over the next few years, U.S. production growth is going to far outstrip OPEC’s production growth. As a result, the U.S. will gain market share at OPEC’s expense. This scenario would continue a trend that started a decade ago when the U.S.’s production gains began to outstrip those of OPEC, as well as every other oil-producing country…

via OilPrice.com Daily News Update http://ift.tt/2Gtxbad