Exxon (XOM) predicts US oil imports have peaked and will decline steadily to 1M barrels/day by 2040 from the current 9.4M amid the American shale boom and output from the Gulf of Mexico's deepwaters.
Exxon (
XOM)
predicts
US
oil
imports
have
peaked
and
will
decline
steadily
to 1
M
barrels/
day
by 2040
from
the
current
9.4
M
amid
the
American
shale
boom
and
output
from
the
Gulf
of
Mexico'
s
deepwaters.
Saudi
Arabia
,
Russia
and
the
US
are
expected to remain the world's top oil producers during that time.
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