Good news! I was not aware of this fact. This is huge!
"... the United States has quietly assembled something approaching energy dominance across the Western Hemisphere, and the economic implications are only beginning to come into view. ...
The United States, Canada, and Latin America now account for over one-third of global oil production—a figure that has been steadily rising and, by some estimates, approaches 40 percent, according to Bloomberg ...
Between 2012 and 2022, the Western Hemisphere’s share of world oil output jumped from 27 percent to 34 percent, with all net growth in global supply during that period coming from the Americas.
Between 2012 and 2022, the Western Hemisphere’s share of world oil output jumped from 27 percent to 34 percent, with all net growth in global supply during that period coming from the Americas.
The shale revolution, Canadian oil sands, Brazilian offshore discoveries, and emerging producers like Guyana have fundamentally rebalanced global energy markets. ..."
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