SOURCE: MarketResearch.com

MarketResearch.com

November 23, 2010 11:08 ET

US Oil Production to Fall 5.06% in the Next 10 Years

ROCKVILLE, MD--(Marketwire - November 23, 2010) - MarketResearch.com has announced the addition of Business Monitor International's new report "United States Oil and Gas Report Q4 2010" to their collection of Energy market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2852320

Between 2010 and 2019, this report forecasts a 5.06% fall in U.S. oil production, with output peaking at 7.22mn b/d in 2010 before declining to 6.85mn b/d in 2019. Given that oil consumption is forecast to ease by 0.30%, imports rise from an estimated 11.66mn b/d in 2010 to 11.96mn b/d during the forecast period.

Gas production should ease from the estimated 2010 level of 552bcm to a low of 540bcm in 2013, then rally to 570bcm by 2019. Demand is forecast to rise from an estimated 655bcm to 737bcm, requiring net imports to rise to a 2017 peak of 175bcm, in the form of pipeline volumes and liquefied natural gas (LNG).

According to BMI's country risk team, the U.S. long-term political risk score is 81.2, compared with the Developed Markets average of 86.7 and the global average of 63.0. Our long-term economic rating for the country is 66.8, in line with the Developed Markets average of 66.8 and above the global average of 53.2.

The U.S. is a deregulated, highly competitive and relatively mature energy market. There are numerous international and domestic companies operating at all levels, from exploration, through pipelines, refining and retailing. The market is dominated by US-based organizations, with Britain's BP the biggest foreign investor, followed by Royal Dutch Shell.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2852320