How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018
link : How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018

How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018

Great op-ed. Nothing new here for those following the Bakken revolution.

Link here.

Until recently, observers expected American energy production to reach a plateau. A lack of pipeline capacity was expected to constrain output in the Permian Basin through 2020. Instead, shippers found ways to use existing pipelines more efficiently, and new pipelines were constructed faster than expected. U.S. crude-oil production is expected to average 12.1 million barrels a day in 2019, 28% higher than in 2017. Surging production has roiled world energy markets. 

Ever since the shale boom began, diplomats and politicians have underestimated its importance. The U.S. has regained the position it lost in 1973 as the world’s largest oil producer, which it will likely hold through at least the 2040s. The consequences for energy markets and world politics will be far-reaching. Roughnecks in the American Southwest are doing more than most foreign ministries to change the world. 

Data points from the op-ed:

• Iran is the biggest loser
• Russia: second biggest loser
• but also bad news for the Gulf sheikhdoms
• additional pressure on Venezuela
• Mexico? A sixth of the Mexican government's revenue comes from energy; falling prices will force the incoming government to find ways to attract more foreign capital (Mexico will ban fracking)
• France/Macron will feel the relief

https://ift.tt/2dZyQXu

Thus Article How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018

That's an article How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article How American Fracking Changes The World -- Op-Ed -- WSJ -- November 26, 2018 with the link address https://mylivemyidea.blogspot.com/2018/11/how-american-fracking-changes-world-op.html

Tweet

Subscribe to receive free email updates: