The United States reached the first place among the oil producers in the world according to the results for the first half of this year. The countries that are left behind are the Russian Federation and Saudi Arabia. This became possible because of shale development. These data are published by research agency Bloomberg.
They noted in Bloomberg that the USA got the superiority in terms of natural gas production in 2010.
According to Francisc Blanche, the head of raw material research division of financial conglomerate of the Bank of America, now the USA are the world’s leading oil producer. American as well as the world economy has greatly changed today thanks to the shale revolution in the USA. The main advantage of the US economy is law cost of energy.
He also emphasized that the Bank of America waited for big growth of raw material extraction abroad.
As Francisco Blanche noted, the volume of investments, which was obtained by the US oil and gas industry for a year, had reached 200 billion dollars, and this for the first time was almost 20% of all investment flows into the main funds of the country.
The experts of Masterforex-V World Academy /www.masterforex-v.com/ provided the information of the article. The news from oil and gas market is regularly highlighted by our analysts and can be found on our web-site.
