Exxon predicts U.S. oil imports have peaked
IER has estimated that North America has 1.7 trillion barrels of technically recoverable oil
By Institute for Energy Research —— Bio and Archives--December 14, 2011
Global Warming-Energy-Environment | Comments | Back To Full Article
Exxon Mobil predicts that U.S. oil imports have peaked due to increased domestic oil supplies and a drop in oil demand.[ia] The company expects U.S. oil imports to decline to 7 million barrels of oil per day by 2040, from its current level of 8.6 million barrels per day (10-month average for 2011).
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