January 2020, Vol. 247, No. 1
Features
2020 North American Outlook: Industry Adopting ‘Wait And See’ Philosophy
By Richard Nemec, Contributing Editor If North America was one giant oil and natural gas basin with one spigot, the flow handle would probably be set at only half-open in 2020, a year when global events will determine if, and which direction, the handle moves. This is happening in the context of international and domestic assessments that anticipate the United States accounting for large amounts of global oil and gas production growth over the next two decades. The International Energy Agency (IEA) in November 2019 calculated that U.S. oil production is likely to account for about 85% of added global output and up to 30% of the added gas output between now and 2030. IEA said the
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