
MacroVoices #349 Rory Johnston: Crude Oil Outlook & SPR Discourse
Macro Voices
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ExxonMobil's Deepwater Offshore Guianese Offshore Potential
I think you're generally right and I think particularly it's going to be hard to fill the hole that a halving of US oil production growth is going to be able to achieve. Beyond that, I think you really only have a couple other major jurisdictions that either have the appetite or kind of acceptable geology at this stage at least to see growth. Guiana, Brazil and Canada are going to be three of the major non-OPEC non-US production sources. You can always see that some of the production losses in OPEC countries like Nigeria and Angola could conceivably be reversed. It's just going to take the application of time, effort and capital, which at this stage seems unlikely
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