Obama energy Miracle

hunboldt

hunboldt

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JUst when you thought he couldn't possibly be more perfect...

U.S. May Overtake Saudi Arabia As World’s Top Oil Producer | CNS News
U.S. May Overtake Saudi Arabia As World’s Top Oil Producer


October 24, 2012 - 6:07 AM
JONATHAN FAHEY, Associated Press


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A worker hangs from an oil derrick outside of Williston, N.D. U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. (AP Photo/Gregory Bull, File)

NEW YORK (AP) - U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
The boom has surprised even the experts.



- See more at: U.S. May Overtake Saudi Arabia As World’s Top Oil Producer | CNS News
 
Tecumsehsbones

Tecumsehsbones

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Nope, that was Bush. It just took awhile to ramp up.

Iraq, now that was Obama's fault. And Afghanistan. And the recession. And the bailouts. Obama and only Obama.

But oil production, that's based on actions Bush took.
 
#juan

#juan

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hunboldt said:
JUst when you thought he couldn't possibly be more perfect...

U.S. May Overtake Saudi Arabia As World’s Top Oil Producer | CNS News
U.S. May Overtake Saudi Arabia As World’s Top Oil Producer


October 24, 2012 - 6:07 AM
JONATHAN FAHEY, Associated Press


40
26



A worker hangs from an oil derrick outside of Williston, N.D. U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. (AP Photo/Gregory Bull, File)

NEW YORK (AP) - U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
The boom has surprised even the experts.



- See more at: U.S. May Overtake Saudi Arabia As World’s Top Oil Producer | CNS News
Click to expand...
It's only fair. The U.S. has been the largest user of oil for some time now.
 
C

Cobalt_Kid

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The only cost to all of this is massively fractured bedrock and the possible contamination of aquifers and the release of huge amounts of methane, a greenhouse gas about 20 time more powerful than CO2.
 
damngrumpy

damngrumpy

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Mar 16, 2005
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The Bakken oil field has been capped even before Bush came to power.
This region of oil covers more than six states and Saskatchewan and
Southern Manitoba.
Two things come to mind. If all this oil existed as far back to the seventies
why did we go through oils shortage so many times just a thought.
This field is way bigger than the Arabs have and its high quality shale crude.
 
taxslave

taxslave

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Tecumsehsbones said:
Nope, that was Bush. It just took awhile to ramp up.

Iraq, now that was Obama's fault. And Afghanistan. And the recession. And the bailouts. Obama and only Obama.

But oil production, that's based on actions Bush took.
Click to expand...

So any problems caused by all this new oil must also be junior's fault as well?
 
skookumchuck

skookumchuck

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There have been some pretty strong ones around in the past century or so. I wonder how much gas was released? Perhaps Cobalt would know.
 
hunboldt

hunboldt

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taxslave said:
None. Neither have any volcanos. All GHG is caused by man. (I wish I could write in purple)
Click to expand...

The plan is to heat the formation with Methane in situ. In effect, the US has 'regained' the ability to price world markets.
Expect the huge change in global energy when China and India ramp up the directional drilling of their extensive shale oil deposits.
 
taxslave

taxslave

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hunboldt said:
The plan is to heat the formation with Methane in situ. In effect, the US has 'regained' the ability to price world markets.
Expect the huge change in global energy when China and India ramp up the directional drilling of their extensive shale oil deposits.
Click to expand...

Whatever cuts fuel prices is good with me.
 
captain morgan

captain morgan

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skookumchuck said:
Do earthquakes fracture bedrock and shale, etc?
Click to expand...

Sadly for the usual suspects, you can't tax nature.

On that note, we still have to wait and see what the decline curves look like on the shale resources... The projections may be skewed as there is not so much data to rely on

taxslave said:
Whatever cuts fuel prices is good with me.
Click to expand...

You're dreaming buddy
 
Kreskin

Kreskin

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Feb 23, 2006
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It's too bad Nixon got the boot. He was warning about pending oil problems years before most others had thought about the middle east.
 
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