U.S. as oil's global swing producer? Not so fast

April 23, 2015 2:56 PM

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U.S. as oil's global swing producer? Not so fast

OPEC may be in disarray, but they still hold most of the world's oil

Oil company executives have been making the pitch at IHS Energy CERAWeek that they are becoming the global oil market's new swing producer, adding supply when needed and taking production down when demand drops.

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