AP Photo/Nabil al-Jurani, File "Global Oil Production is
Surging: Implications for Prices, Geopolitics, and the
Environment" Author: Leonardo Maugeri, Roy Family Fellow,
Geopolitics of Energy Project Belfer Center Programs or
Projects: The Geopolitics of Energy Project This policy brief is
based on the discussion paper “Oil: The Next Revolution” by
Leonardo Maugeri, which was published by the Belfer Center in
June 2012. - Oil Production Growth is Global. Global oil output
capacity is likely to grow from 93 million barrels per day today
to 110 million barrels per day by 2020—the largest increase in a
single decade since the 1980s. The surge in oil production
capacity will occur almost everywhere, with the largest
increases in Iraq, the United States, Canada, Brazil, and
Venezuela. - United States Will Experience Unprecedented Output.
Technological advances will increase the production of
“unconventional” oil in the United States, which is in the midst
of a shale boom. The Bakken/Three Forks formation in North