Make American Oil Great Again

23 Sep 2016: The current state of the tanker market is nothing to write home about, so this week we shift gears and concentrate on longer-term prospects. On September 15, the U.S. Energy Information Administration (EIA) issued its Annual Energy Outlook 2016, with projections that focus on the factors expected to shape U.S. energy markets through 2040. It is a 256 page document covering potential changes in U.S. energy policies, rules and regulations as well as the potential role of advanced technologies. It discusses U.S. energy demand under various market cases, comparing different combinations of economic growth, oil prices environments and estimated recovery rates for oil and gas. Each of these cases is also looked at from different regulatory perspectives. The EIA Outlook covers a lot of different permutations. However, for the purpose of this Tanker Opinion, we concentrate on the oil markets and the implications for the tanker market. Download Here