Investment in tight oil, oil sands, and deepwater drives long-term oil production growth

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08 Mar

Investment in tight oil, oil sands, and deepwater drives long-term oil production growth">Investment in tight oil, oil sands, and deepwater drives long-term oil production growth

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(Fri, 09 Mar 2018) Upstream investment in crude oil and liquids production is highly sensitive to crude oil prices, particularly production of higher-cost resources from tight rock formations, oil sands, and offshore deepwater. In EIA’s <em>International Energy Outlook 2017</em> (IEO2017) Reference case, increasing crude oil prices lead to more investment, driving production growth in these higher-cost resources.

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