Swiss Economicblogs.org
While US oil production continues to grow, the increase in oil sales to China could help moderate Trump administration invectives against China.The ‘revolution’ in tight oil production means that US oil production is about to break the annual record of 9.6 million barrels per day (mb/d) reached in 1970. Under rising pressure from oil producers, the Obama administration significantly loosened rules on crude oil exports, which have boomed. But where is all this oil going?China has accounted...
Read More »China is gobbling up US crude oil exports
