Neil Beveridge and skeptical colleagues at Bernstein Research remain unmoved by the IEA’s...

|By:, SA News Editor

Neil 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.