Industry Forecast Scenario

March 2011
USA Oil & Gas Report;Q1 2011, Issue 1, p29
Industry Profile
The article discusses a forecast for the U.S. oil and gas industries as of the first quarter of 2011. Despite discoveries of deepwater oil in the country, U.S. oil and gas reserves are expected to decline by 2015. Information on the findings of a study carried out by the U.S. Geological Survey (USGS) and the Interior Department's Minerals Management Service (MMS) on the country's oil and natural gas reserves is presented. Also discussed are U.S. oil supply and demand and refining and oil products trade.


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