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United States to lead global oil supply growth = Energy Funds

beebee
edited March 2019 in The Bullpen
This should impact VDE, VGENX, GASFX and other favorite energy funds.

From an IE report:
“The second wave of the US shale revolution is coming,” said Dr Fatih Birol, the IEA’s Executive Director. “It will see the United States account for 70% of the rise in global oil production and some 75% of the expansion in LNG trade over the next five years. This will shake up international oil and gas trade flows, with profound implications for the geopolitics of energy.”
united-states-to-lead-global-oil-supply-growth

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