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Non-Tech : The Brazil Board
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From: elmatador11/1/2011 1:54:23 PM
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Brazil will have to look for buyers in fast-growing Asia as the United States will use more of its own shale oil output toward the end of the decade, pushing West African imports back to Europe.
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In the United States, Eagle Ford formation in southern Texas could produce 500,000 bpd in the next 5-6 years while new technology at the Premian basin in west Texas, home of West Texas Intermediate, could add another 400,000 bpd, according to PFC. Bakken shale in North Dakota will also increase supply.

"You could make the case that all of the sweet crude being imported into the Gulf Coast area will not be needed," PFC's Tossetti said.
reuters.com
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