The United States to Become the Oil Market "Regulators"

Submitted by: Submitted by

Views: 10

Words: 320

Pages: 2

Category: Business and Industry

Date Submitted: 07/21/2015 12:02 AM

Report This Essay

In the past, the Texas railroad commission and OPEC is practical adjustment of the world's oil market.And now, since the supply of capital is an important driver of oil production growth in the United States.Therefore, representing the world's financial markets and provide funds for the us oil industry become the main force of market regulation of Wall Street. Affected by the current low oil prices, for the sake of the rebalancing of the world's oil market, U.S. crude oil production will be cut, however, due to the current U.S. oil production capital efficiency is higher, after the United States to cut oil production will rise again.

Affected by the international oil prices fell, oil development investment in the United States are greatly reduced. IHS estimates that upstream investment will be reduced by 40% in the year 2015, us oil production could begin to decline in the second half of the year, from 2015 in the second quarter fell to 9.4 million barrels per day of peak at the end of 9.2 million barrels per day. At least for a period of time, as the main source of the world's oil supply growth of U.S. crude oil output growth will slow.

Despite the fall in investment in oil shale development, but in 2015, the U.S. onshore oil development capital efficiency will be improved, it expected the average capacity of the new well will also improve. IHS estimates that 2015 U.S. oil development compared the efficiency of capital will increase by 30% in 2014, it is also a limited future U.S. oil production decline of an important factor.

Oil is an important factor decided to upstream spending, financial markets to the reaction of the oil level to the role of American oil market regulation plays an important influence.

If you want to know more please pay attention to http://www.hradaenergy.com