Benefits of the U.S. Oil and Natural Gas Boom are Permanent, Says Citi.
Forbes: The return of the U.S. as an energy superpower will not be a short-term event with the economic benefits likely to last “at least two generations”, according to the latest research from Citi.
That is one of the key findings in a report from the commodities team at the New York-based bank.
Titled “Energy 2020 Out of America” the 96-page document paints a picture of significant change flowing from increased oil and gas production in the U.S. including a dramatic reduction in the country’s current account deficit and a sharp increase in the value of the dollar.
Read more: http://onforb.es/1EkIlV9
More industry news:
- U.S. Shale Natural Gas Output Breaking Records: http://bit.ly/1ssJcwo
- Opinion: Drop Crude Oil Export Ban to Keep Shale Revolution Going: http://onforb.es/1wby9K5
- North Dakota State Parks Booming Along with Oil Patch: http://bit.ly/1EvjbVQ
- Utica Shale Helps Family Save Carroll County Farm, Transforms Rural Ohio: http://bit.ly/1pJwpLq
- Editorial: Get off the Fence: Time for Cuomo to Clear the Path for Fracking in New York: http://bit.ly/145l1jl
By Mary Leschper
Originally posted November 10, 2014
Energy Tomorrow is brought to you by the American Petroleum Institute (API), which is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 500 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry. They are producers, refiners, suppliers, pipeline operators and marine transporters, as well as service and supply companies that support all segments of the industry.
