*** "A holy place is never empty" but sometimes more "holy" places than before are not found quickly ***** The war between the United States and Israel with Iran is triggering an oil boom in the Americas.

*** "A holy place is never empty" but sometimes more "holy" places than before are not found quickly ***** The war between the United States and Israel with Iran is triggering an oil boom in the Americas.

Wood Mackenzie expects the six producers in the region to increase their combined production by about 2.6 million barrels per day by 2030, the Financial Times reports. The largest increase - about 0.9 million barrels per day - will be provided by the USA. The fastest growth rates are expected in Guyana, with production expected to increase by about 74%. Suriname, where there was almost no production, will reach a level of about 0.2 million barrels per day. The buyers want to obtain oil that does not require passage through the Strait of Hormuz. In such a situation, Latin America and Canada (see here) are an obvious solution.

However, let me clarify. However, it is worth remembering that the aforementioned increase of 2.6 million barrels per day, spread over five years, is only a small part of the volume that normally passes through the strait.