Monday, May 30, 2011

Morgan Stanley Report....the Future of American Domestic Energy Production Lies in Oil

A new report out from Morgan Stanley on the "renaissance" of the American oil industry argues that -- contra the natural gas bulls, the future of American domestic energy production lies in oil.
Specifically, they argue that technological innovation is now allowing for oil extraction from previously un-economical shale deposits. This is game changing. The report is huge, but these four charts really stand out.

shale oil gas

The changeover is happening NOW.
shale oil gas
Meanwhile, and this is quite eye popping, after a 20 year decline, domestic oil production has finally had positive years.
shale oil gas
And finally, if key shale oil regions pan out, the impact in just the next few years could be significant.
shale oil gas


Posted courtesy of The Business Insider



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