United States Oil and Gas Report Q2 2012
This trend is set to continue, though we expect the lion’s share of production growth to be focused on liquids over the next five years given that low gas prices are rendering a swathe of more marginal plays uneconomic. While the gradual upturn in the business cycle is set to lift both gas and liquids demand, we expect growth to be muted as the US makes strides in reducing its energy intensity.
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