What I have been seeing in the headlines lately is Obama approving new oil wells in Alaska & pushing for more licenses for the Southern Atlantic coast & Gulf of Mexico. Cameron in the UK is pushing hard for shale gas to get going in Scotland, apparently there is enough to provide the UK for 30 years. Although these are medium to long term objectives, its hardly a sign that production is going to be difficult to maintain or even increase fro non traditional sources.
Certainly not going to encourage the Saudis to take the foot off the production pump.
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What I have been seeing in the headlines lately is Obama...
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