Helping America Navigate a New Energy Reality

Quote – 09 Feb 2015

By on 9 Feb 2015 in quotes

“The U.S. growth story has been central to the oil market story.  In a few months, that month-to-month growth is going to flatten out.” IHS predicts the “sensational” growth will level off at 9.5 million barrels per day in the second quarter of 2015, assuming the benchmark West Texas Intermediate (WTI) prices remain below US$60… From 2009 to 2013, U.S. upstream spending exceeded cash flow by an average of US$54 billion annually — amounting to more than a quarter of a trillion dollars (US$272 billion)

— Jim Burkhard, vice-president of IHS Energy

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