All of these projections have one thing in common: Over the next few years, U.S. production growth is going to far outstrip OPEC’s production growth. As a result, the U.S. will gain market share at OPEC’s expense. This scenario would continue a trend that started a decade ago when the U.S.’s production gains began to outstrip those of OPEC, as well as every other oil-producing country in the world. EIA Forecast The EIA’s latest Annual Energy Outlook (with projections to 2050) models several scenarios for future oil production. (It was also the topic of a recent article ). The EIA’s base case assumes that known technologies continue to improve along recent trend lines. Additional cases consider either lower costs and higher resources, or higher costs and lower resources than the base case. In even the most pessimistic case, tight oil grows by another million barrels per day (BPD) from […]