Oil Production in the US

The US uses more than 20% of all the oil consumed in the world, but domestic production covers only 35% of its requirements. For decades, Democrats and Republicans debated the topic and little has been achieved. However, President Obama has reignited the debate by proposing to implement measures that would reduce oil demand by 35% by 2030 and reduce import dependency during his term in office.

Scope

*Overview of US oil deficit and potential solutions to this crucial energy security dilemma

*Forecasts of US oil production outlook to 2030, both from domestic and imported sources

*Analysis of the Democratic and Republican energy policies, and commentary on how these would affect Datamonitor production forecasts

*Exploration of the fundamental challenges, which any solution to the deficit would need to overcome to succeed

Highlights

The combination of the Democrats'' OCS policy and demand reduction will see imports fall 22% by 2021. Obama''s OCS pronouncement will cut import dependency by 7% within three years.

Republican policy will only work for one term, making 2016 the crucial year: if they lose, their plan is redundant. If the Republicans fail to win the next election in 2012 but succeed in 2016, their projects would only become available after 2020. At this point the deficit will no longer be so severe.

In the short term, the US needs to reduce demand. By 2030 supply and demand should be better matched. Although one of the US'' key supplier, Mexico, could be a net importer by 2016, demand will have fallen as a result of growing popularity of fuel-efficient cars in the country''s massive transport fleet.

Reasons to Purchase

*Understand the growing role of the OCS in ensuring US energy security and the political implications of this

*Analyse the impact of transport fuel demand on the country''s overall consumption and how this is expected to change

*Formulate a strategic response to changing fuel demands and understand the new supply led dynamics this will create

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