Green Energy
-
U.S. Ousts Russia as Top World Oil, Gas Producer in BP Data Bloomberg Business: The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s...
- Us Poised To Become World’s Leading Liquid Petroleum Producer
From the Financial Times: High quality global journalism requires investment. The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US...
-
America's Dependency on Foreign Oil... Dropped Significantly?From Ace of Spades: At Instapundit. At NPR, a story about the Bakken oil fields. Now, I did read this was a big field, but I didn't know it was already producing so much, or that...
- At $4 A Gallon For Gas, The Market's Oversupplied. Who Knew?
Reuters: Saudi oil minister says mkt oversupplied, cuts output By Amena Bakr and Reem Shamseddine KUWAIT | Sun Apr 17, 2011 8:03pm IST KUWAIT (Reuters) - Saudi Arabia Oil Minister Ali al-Naimi said on Sunday the world oil market was oversupplied and that...
- Energy Information Administration Chief Agrees With Ahmadinejad
Iranian President Ahmadinejad says we need him more than he needs us. Guy Caruso, the EIA chief agrees with him: WASHINGTON (Reuters) - A disruption in Iran's crude oil exports because of a dispute over that country's nuclear program would affect...
Green Energy
In 6 years America will become the world’s largest oil producer once again
“America is poised to become the world’s largest oil producer once again — nearly four decades after it lost the title,” writes The Sunday Times.
Goldman Sachs, the investment bank, has predicted that US production will hit 10.9m barrels a day by 2017, a one-third rise over its current level of 8.3m barrels a day.
The surge is a result of novel drilling technologies that have opened new fields. The last time America was the biggest crude producer was 1973, when Opec, the cartel of oil-producing nations, launched its first embargo and sent prices soaring. Russia was the world’s top producer last year with daily output of 10.6m barrels, followed by Saudi Arabia at 10.4m. There are doubts about the ability of both to increase production substantially. Goldman expects Russia, whose nationalistic approach to natural resources limits investment from western firms, to have raised output by only 100,000 barrels a day by 2017.
-
U.S. Ousts Russia as Top World Oil, Gas Producer in BP Data Bloomberg Business: The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s...
- Us Poised To Become World’s Leading Liquid Petroleum Producer
From the Financial Times: High quality global journalism requires investment. The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US...
-
America's Dependency on Foreign Oil... Dropped Significantly?From Ace of Spades: At Instapundit. At NPR, a story about the Bakken oil fields. Now, I did read this was a big field, but I didn't know it was already producing so much, or that...
- At $4 A Gallon For Gas, The Market's Oversupplied. Who Knew?
Reuters: Saudi oil minister says mkt oversupplied, cuts output By Amena Bakr and Reem Shamseddine KUWAIT | Sun Apr 17, 2011 8:03pm IST KUWAIT (Reuters) - Saudi Arabia Oil Minister Ali al-Naimi said on Sunday the world oil market was oversupplied and that...
- Energy Information Administration Chief Agrees With Ahmadinejad
Iranian President Ahmadinejad says we need him more than he needs us. Guy Caruso, the EIA chief agrees with him: WASHINGTON (Reuters) - A disruption in Iran's crude oil exports because of a dispute over that country's nuclear program would affect...