BEHOLD, The Massive Sea Change Happening In The American Energy Industry

A new report out from Morgan Stanley on the “renaissance” of the American oil industry argues that — contra the natural gas bulls — the future of American domestic energy production lies in oil.

Specifically, they argue that technological innovation is now allowing for oil extraction from previously un-economical shale deposits. This is game changing.

The report is huge, but these four charts really stand out.

 

shale oil gas

Photo: Morgan Stanley

The changeover is happening NOW.

shale oil gas

Photo: Morgan Stanley

Meanwhile, and this is quite eye popping, after a 20-year decline, domestic oil production has finally had positive years.

shale oil gas

Photo: Morgan Stanley

And finally, if key shale oil regions pan out, the impact in just the next few years could be significant.

shale oil gas

Photo: Morgan Stanley

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