The Turning Tide for World Oil Supplies
The United States Oil Endowment, Canada's Oil Endowment, Brazil's Oil Endowment, Argentina's Oil Endowment
By Institute for Energy Research —— Bio and Archives--November 8, 2011
Global Warming-Energy-Environment | Comments | Back To Full Article
According to oil experts, the global oil map is being redrawn. The future of oil will no longer be the Middle East, but will be shifting to the Americas. Projections from the International Energy Agency and experts such as Daniel Yergin have their sights on Canada, the United States, and Brazil as major oil producers. As Yergin notes, oil sands from Canada, tight oil from the United States, and oil from sub-salt formations offshore Brazil are the reasons for the shift to the Americas for oil supplies.[1] And, these sources of oil, while not making the United States independent of Middle East oil right away, would come close.
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