Is Another Oil Price War Looming?

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