Crude supplies available through OPEC will be sufficient to meet global demand through to the year 2020 according to international energy consultants Purvin & Gertz.
“Robust supply increases from non-OPEC producers such as Russia, Kazakhstan, Canada, and Brazil will be mirrored by expected large production capacity increases from Angola, Nigeria, and Iraq,” Purvin & Gertz said. This will result in no appreciable change in OPEC's market share until after 2015. [from Penn Energy]
That growth in supply from Canada would be coming from Newfoundland and Labrador.
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