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Speaking of oil (energy) prospects (prices), please ponder following:
- N.America is a largest oil consuming region in the world, with daily consumption approaching 21 mmbbls/d.
- N.America supplies 55% of its own requirements from oilfields in the US and Canada. N.America production has remained near 11 mmbbls/d for nearly 20 years, with growth in Canada offsetting decline in US.
- Latain America is a large and growing supplier to N. American markets. Mexico produces 3.5 mmbbls/d of which 1/3 is exported to the U.S. Venezuela produces 3 mmbbls/d of which more than 1/2 is exported to U.S.
- Mideast oil is not significant factor in the N. American marketplace.
- N. American petroleum demand is expected to grow modestly over the next 10 years, to 22.7 mmbbls/d. Existing oilfields (in Canada, the U.S. and L. America) which supply N. American Market will decline to 19.6 mmbbls/d over the same period. Significant infill and infield development will be required to meet the 19.6 mmbbls/d target.

So, what does it all means? Good oil service companies (and good oil /gas producers) will prosper immensly. All we have to do is to pick a future winners (easier said than done).
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