This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone.
“The strong performance of the oil and gas industry has caused forecasters, such as the EIA, the International Energy Agency (IEA), and private forecasters, including Citibank, to project the U.S. becoming a net exporter of oil within the next decade and that the U.S. could even out-produce Saudi Arabia by 2020 reclaiming the worlds number-one oil producer ranking once again. “
NOT IF 0BAMA HAS ANYTHING TO DO WITH IT!
So when is the price at the pump going to start coming down? Like way down?
What’s the word on rigs? My coffee group (hardly a reliable source, lol) says there aren’t enough rigs to go around that are capable of horizontal drilling.
Missed this piece. Many thanks, Hack!