US oil output to hit 10 million b/d by 2020

摘要

Houston—US crude production could reach just over 10 million b/d by 2020 and remain there for several years based on the rapid growth in shale oil, according to Credit Suisse. And while US oil independence is questionable by 2020, North American oil independence “looks more achievable” if policies to promote safe drilling, energy efficiency, regional coordination and gas substitution are forged, the investment bank’s report said September 7.