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Murrayv's avatar

Arjun.

I’m happy to hear how you use the phrase U.S. and CANADIAN oil production/supply consistently together. Though makes sense due to your knowledge and common sense.

I remember 10-15 years ago before the shale oil "revolution" really developed U.S. oil security/supply was always being called in American media as "North American" oil security/supply in terms of the thinking that when one "included" all the Canadian oil sands reserves along with our conventional oil (and Mexican to a far lesser degree) the sum being the security/supply.

Then as the shale oil supply increased so quickly and dramatically the term "North American Oil Supply" disappeared from the media commentary.

It went back to "U.S. Oil Supply and U.S. Oil Self Sufficiency" only.

Pipelines became politically toxic (especially pipelines from Canada, but also to a degree domestically).

As this U.S. shale oil growth/supply starts to roll over and decline (and it's starting) and when the idiot class start to be forced to acknowledge the absolute essential nature of oil to the U.S,'s (and all other countries economic well being), I will just smile when I see the media re-start the phrase......

"North American Oil Security/Supply.

Watch for it.

In my humble opinion. 🙂

Great posts. Look forward to each week.

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Gary R.'s avatar

Thanks Arjun...great writeup !!

From a beat up oil bull..hope 2H / 23 is better

🐂🤠

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