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Surging U.S. Oil Production Is Surging. That Will Help Offset Red Sea Risks. - Barron's

Barron's · last updated

Surging U.S. Oil Production Is Surging. That Will Help Offset Red Sea Risks. - Barron's

Surging U.S. Oil Production Is Helping Defang Geopolitics

Dec 20, 2023, 8:56 am EST

A funny thing is happening in the oil market: Geopolitics are taking a back seat to economics, specifically the economics of U.S. energy producers.

Dec 20, 2023, 8:56 am EST

A funny thing is happening in the oil market: Geopolitics are taking a back seat to economics, specifically the economics of U.S. energy producers.

Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More informationabout ENERGY BASICS: petroleum