Global oil, gas outlook bright; US gas production nears plateau

Data for liquids presented in this article suggest that global crude oil, natural gas liquids (NGL), and Alberta oil sands production will plateau at above 118 million b/d and productive capacity at 123 million b/d in 2031-far later than current alarmist predictions-even without the likely development of tar sands and other bitumens and extra-heavy crude.

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