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Oil and Gas Supply Demand Outlook in the Americas to 2020 - Increasing Oil and Gas Production Changi
by GBI Research on Jul 13, 2010
North America is expected to witness growth in the production of both oil and gas in the next 10 years. In addition to strong growth in demand, the development of oil and gas shale fields will result in strong growth in oil and gas production from North America. Between 2010 and 2020, North American oil and gas production is forecast to increase at Average Annual Growth Rates (AAGRs) of 2.1% and 0.7%, respectively. Accordingly, the US and Canada will together produce 9,746,000 barrels per day of crude oil and 27,047.9 Bcf of natural gas in 2020.
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