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Neil Beveridge and skeptical colleagues at Bernstein Research remain unmoved by the IEA’s...
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Monday, November 19, 2012, 12:37 PM ETNeil Beveridge and skeptical colleagues at Bernstein Research remain unmoved by the IEA’s forecasts that U.S. oil production soon will overtake Saudi Arabia. Bernstein believes the U.S. will produce ~10.5M bbl/day by 2015, comparable to Saudi production but only for a brief period; it sees U.S. production dropping off to 9M by 2020 while the IEA expects U.S. liquids production to keep growing.
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