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Reading Summary: Ed Morse, Move Over OPEC.docx

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Geography 3422A/B
Milford Green

Ed Morse – Move Over OPEC, Here We Come 11/17/2012 12:39:00 PM Highlights:  The United States has become the fastest-growing oil and gas producer in the world and it is likely to remain so for the rest of this decade and into the 2020s  Output is also steadily growing for Canadian production and there could likely be a reversal of Mexico's recent production decline o With these changes, total oil production from the three countries could rise by 11.2 million barrels per day by 2020  North America is becoming the new Middle East o The only thing that can stop this is politics:  Environmentalists in the US  First Nations impeding pipeline expansion in Canada  Mexican production impeding foreign investment or technology transfers  US and Canada could see natural gas output rise by 22 billion cubic feet per day by 2020  North America already has become the most important marginal source of oil and gas globally o US imports of crude oil and petroleum-product imports have
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