The USA Just Became The World’s Largest Oil Producer

Discussion in 'Energy' started by longknife, Sep 13, 2018 at 5:38 PM.

  1. longknife
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    longknife Diamond Member

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    Another plus for President Trump that the media won’t give him credit for.

    U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades,” EIA reported Wednesday. “In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999.”

    Indeed, U.S. drillers have continued to smash production records in 2018, including hitting 11 million barrels a day in output in July. That’s about double what the U.S. produced per day just eight years ago.

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  2. caddo kid
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    caddo kid BANNED

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    The US is very proud to become the 'first' at most anything that it become first at.
    Americans love to boast & that is likely why Trump appeals to <20% of the total US population.
    The media may, or may not give Trump credit; that is debatable.

    Under the presidency of Ronald Reagan the US went from being the largest creditor nation to being the largest debtor nation.
    I wonder if Reagan ever got credit for that one?
     
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  3. william the wie
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    william the wie Gold Member

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    and LNG exports are climbing too.
     
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  4. elektra
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    elektra Gold Member

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    Obama certainly did his best to prevent this by stopping oil production in the Gulf of Mexico.
     
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  5. william the wie
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    william the wie Gold Member

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    Yeah Obama was and is a disaster.
     
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  6. Picaro
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    Picaro BANNED

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    Bad idea. We need to keep ours in the ground and use up everybody else's, keeping ours in reserve. Solar and other sources aren't going to cover our entire needs, and the sooner we burn up the ME's and Russia's petroleum the better.
     
  7. Picaro
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    Picaro BANNED

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    We're burning off so much over-production of natural gas it's criminal. The equivalent of powering several major cities every year is being wasted due to glutted markets and not enough transportation outlets, which in turn aren't economical viable because of the glutted markets.
     
  8. Dale Smith
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    Dale Smith Gold Member

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    Oil is an abiotic fluid and the second most prevalent fluid on earth right after water. It is generated by the moving of the earth's crust and not a finite resource....at all.
     
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  9. Picaro
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    Picaro BANNED

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    Speculation. No proof of that, and in any case it doesn't come within reach of our drilling rigs except in a few areas determined by geography and size of pools, not wishful thinking. Even if there are 700 trillion gallons of it we only have access to very little of that.
     
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  10. Dale Smith
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    Dale Smith Gold Member

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    Actually, oil has been struck a mile deep in the earth's crust. Artificial scarcities created to raise the price and all because of the "petro dollar" agreement after USA.INC bailed on the Bretton Woods agreement.
     
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