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