Oil and Gas Today with Chris Faulkner – Podcast #554

Episode Transcript:

Headline:  US Shale Oil Boom is saving the world almost $5 Billion dollars a day. 

How?  Well….here’s some quick math for you.  Without the United States becoming one of the major producers of crude oil in the world now, some top Wall Street analysts say oil prices could be as high as $150 a barrel.

Presuming that COULD be true, the difference between where oil is today – at just under $100 dollars a barrel – times the 92-Million barrels of oil a day the world consumes … equals savings of about 5-Billion-dollars a day.   That ripples through to every sector of the world’s economy.

And yes, you heard it right, that’s because of the UNITED STATES oil production.  Not OPEC.  Not Venezuela.  AMERICA.  As I’ve been saying – “American oil from America soil”!

To download or subscribe to future episodes of Oil & Gas Today with Chris Faulkner for free using iTunes, click here.

Comments are closed.