GulfSlope Energy Inc (GSPE)

[smith199]

Good point spec. Regarding strategies implemented by U.S. oil companies to maximize ROI, even with this administration’s energy policies, E&P companies ignored the rhetoric and generated incredible profits. Case in point, for the first time ever, U.S. crude exploration and production is set to be the ‘biggest export item’ showing just how powerful U.S. oil and gas companies really are in the world market.

Crude production forecasts reflect the U.S. and Saudi Arabia will remain on a steady ascent through 2050. Compare that to the UK’s crude forecasts which are expected to show a steep decline in North Sea production after 2024. But the UK’s demand is projected to continue rising. Therefore, over the next +15 years, I anticipate U.S. crude exports to both Asia and the EU will also steadily increase.

Considering the geopolitical concerns and the growing global demand, one should plan and prepare for more oil and gas activities closer to home. We are fortunate that Gulfslope remains in the GOM game while the market realigns towards the pursuit of domestic oil and gas exploration. I am looking forward to the time when, after all is said and done, we can relax and enjoy a tall glass of lemonade.

Related article:

‘Oil Poised To Become U.S. Single Largest Export Product’

https://oilprice.com/Energy/Crude-Oil/Oil-Poised-To-Become-US-Single-Largest-Export-Product.html



Mrs. Smith