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World of Oil Will Be Dominated By a Second US Shale Wave for 5 Years

The World of Oil will be dominated by a second wave of US Shale oil according to the International Energy Agency (IEA). The United States will be the source of 70% of the total increase in global capacity to 2024 by adding a total of 4 million barrels per day. This follows growth of 2.2 million barrels per day in 2018. World Oil production and oil demand is currently hovering around 100 million barrels per day. IEA projects 1.2 million barrel per day growth each year for the next 5 years. The US will add more than the current oil
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