Comments on: Crude dynamics

By: Obaid

Obaid — Fri, 30 Nov 2012 20:49:26 +0000

US’s oil independence in the long run may not necessarily trigger a significant decline in oil prices. The usual response of OPEC to lower demand for oil has been to cut production in order to maintain a higher equilibrium price. It would be interesting to see the dependence of OECD and developing countries in contrast to the OPEC share of global production.

By: stuti

stuti — Fri, 30 Nov 2012 11:40:47 +0000

Add to this the huge shale oil and gas reserves in China and India where exploration will commence soon.

By: Tribal Manto

Tribal Manto — Fri, 30 Nov 2012 07:11:30 +0000

foresightedness and vision has a key role in the development of nations. US is a superpower in the true sense of the word. Her reliance on indigenous resources will make her more stronger in the coming decades. The developing nation can emulate USA, in this regard.