Green Energy
From Bloomberg:
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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...
- North America To Drown In Oil As Mexico Ends Monopoly
From Bloomberg: The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields. Plagued by almost a decade of slumping output that has degraded Mexico’s take from a...
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There's a shocking amount of energy being found From Ace of Spades:Here's a linkfest for news about shale gas, oil from shale rock,tar sands and such. We keep finding more of it. It'd be nice if we were able to USE more of it in the US. They...
- 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
U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia
From Bloomberg:
The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report today.
The country became the world’s largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids.If the U.S. didn’t have this energy supply, prices at the pump would be completely unaffordable.”
Oil extraction is soaring at shale formations in Texas and North Dakota as companies split rocks using high-pressure liquid, a process known as hydraulic fracturing, or fracking. The surge in supply combined with restrictions on exporting crude is curbing the price of West Texas Intermediate, America’s oil benchmark.
The U.S., the world’s largest oil consumer, still imported an average of 7.5 million barrels a day of crude in April, according to the Department of Energy’s statistical arm.
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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...
- North America To Drown In Oil As Mexico Ends Monopoly
From Bloomberg: The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields. Plagued by almost a decade of slumping output that has degraded Mexico’s take from a...
-
There's a shocking amount of energy being found From Ace of Spades:Here's a linkfest for news about shale gas, oil from shale rock,tar sands and such. We keep finding more of it. It'd be nice if we were able to USE more of it in the US. They...
- 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...