North America
North American oil production (including natural gas liquids) is up while consumption is steady, leading to reduced imports from overseas. Individual components includeGreat Britain
- Increased production of Canadian tar sands.
- Increased production of US tight oil and gas.
- Minimal declines in Mexican oil fields.
- Reduced consumption in the US.
Excluding alternative fuels, the United Kingdom now produces only 40% of the energy it did in 2000. This is energy poverty on a national scale!Brazil
Despite the hoopla a few years ago about Brazil’s offshore, sub-salt discoveries, Brazil looks unlikely to become an oil exporter any time soon. (See my comments June 19, 2013.)
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