April 01, 2012

Citi forecasts oil shale production in the US to 2020s

Citi has a new 92 page forecast of US oil. Energy 2020: North America as the new Middle East.

North American crude oil and natural gas liquids look to almost double to 26.6-million b/d by 2020 from 15.4-million b/d in 2011.

The Oildrum has a critique of the Citi report

The first chart below is for north american oil in 2011.

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