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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 455.37+3.1%Feb 6 4:00 PM EST

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To: bart13 who wrote (99176)3/17/2013 2:15:24 AM
From: energyplay2 Recommendations  Read Replies (2) of 220075
 
One of the reasons for higher oil imports was the loss of production from the Gulf of Mexico, after BPs problem with the Deepwater Horizon on 22 April 2010.

Looking on your graph, you can see imports headed up rioght after that - and now have headed back down.

So the oil from shale has been able to makeup for much of the Gulf of Mexico shortfall and then some.

Looking at actual production, there is a sharp turn upwards in the past 2 years...
eia.gov
Nice graph here.

>>The other issue is that GDP used to be rising 2-3% per year, but it is now much flatter.
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