Globally, the proportion of natural gas liquids in reported oil production is not quite as high as in the US but is still substantial and rising; the US is a more mature petroleum province and advanced economy, so the rest of the world is progressively moving toward the US composition.
factualpending
Speaker
Art BermanEvidence Quote
“The world has a slightly different breakdown of those percentages than does the United States... the percentage of natural gas liquids is not quite as high, but it is high and it's growing... the rest of the world's getting there.”
Source
Arthur Berman: "Peak Oil - The Hedonic Adjustment" | The Great Simplification #54— Nate HagensCreated: 8/12/2026, 5:55:57 PM
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