US have increased their oil output by at least 900,000 barrels a day and done it in just a year.

US have increased their oil output by at least 900,000 barrels a day and done it in just a year.

www.eutimes.net

According to this report, Russian, in fact global, fears of American energy dominance were realized this past week when the United States Energy Information Agency (EIA) announced that the US has catapulted past Saudi Arabia as the world’s biggest fuel producer, meaning that they are expected to become almost self-sufficient in oil and gas by 2035, will overtake Russia in gas production by 2015, and Saudi Arabia in oil production by 2017.

So profound has the Obama regimes push for global energy dominance become, this report notes, is that only three nations in history have increased their

(visit the link for the full news article)


Related News Links:
stateimpact.npr.org
www.salon.com
www.care2.com

What happened to green old Obama this has been done through hydraulic fracturing (aka fracking), the number of these types of wells drilled by the Bush-Obama regimes between 2008 and 2011 in the US is 35,000, which if compared with the rest of the world which during this time have drilled only 190.

Fracking is bad news EQs , chemical pollutants ,flaming water ( due to methane entering the water table ), radioactive water , Radon ( causes lung cancer ) and smog.

Talk about fiddling while Rome burns, TPTB potential thought pattern: economy bad, unsustainable system crumbling, abort; destroy everything to salvage what green and black we can and then take seat of power elsewhere?

www.eutimes.net
(visit the link for the full news article)

...and the price at the pumps keep rising! Geeeez....What's wrong with this picture?

Thanks for posting.

Its a global race and catch up game.
ATS_LINK

reply to post by Teye22


thank you, no worries! first thread! Good point,I think that has to do with the price of the fracking in comparrison to buying it in , which means the US has to destabalise other oil producing countries ( mali , ME, etc ), to make it commercially viable and to get the highest price on the market , this is the trump card to prop up the petro dollar..

Perhaps if US stops the scheme they have about oil and stop leasing the gulf and Alaska to BP will will have more oil domestically for prices to go down, but hey oil is a political tool, we can never stop buying from Canada and Mexico and we can not leave our friends the UK dry.

People needs to remember who control oil prices in Wall Street and is not our third seller the Saudis.

We are after all a big consumer of oil sad thing is we do have pleanty also.

Originally posted by Teye22
...and the price at the pumps keep rising! Geeeez....What's wrong with this picture?

Thanks for posting.

edit on 14-3-2013 by Teye22 because: (no reason given)

Because "big oil" is the poster child of globalism. The do not give a rat's @ss about any country. They have no loyalty to anyone. They spit on the very foundations that allowed them to grow and prosper into the huge machine that they have become. And what do they do in return for the favor? Rob everyone blind, stifle economic growth and stamp out new, developing technology. I really-really dislike these people...from the corporate CEO's of the drillers and refiners to the schmuck sitting at his computer and driving up the prices through speculation...

To me, these arrogant, megalomaniacs are the absolute worst living things on the planet. I hesitate to call them humans...they are something else. They are the equivalent of cannibals and head hunters...preying on their own kind. I hope all the money they make off the people struggling to buy gas to get to work...burns with them and makes the hell fires a little bit hotter...

We won't even get into the raping of the environment to get to their "treasure"...their "black gold"...

reply to post by Jeremiah65


I am in total agreement with you. I have a problem with all this as well. We see these guys making billions in profit and then some. and they find any and all reasons to raise the prices at the pumps to make even more billions.

"Someone broke a nail on a rig in the gulf, raise the gas prices!"

Just watch, as usual, Easter week end is coming, prices will go up a few days before and go back down a few day after. They would blame anything for this except for the real reason of course.......PROFIT (and lots of it).

Lets hope these dont invade the oil rigs

I remember when I started driving, I used to fill up my car for 20$. NOW, I barely get 1/4 tank for that price.

Yea, notice that gas and oil are still high.......The Speculators are keeping the price way up there. The Execs of big corporation are into speculation, selling the oil to the speculators and buying it back. This makes the Execs very happy, the stockholders make little money but they get rich. They also only pay 15 percent income tax on this gain.......Not the tax they should be paying.

How many congressmen get in on this win win investment.

Ok 900.000 barrels that's about 4 HRs worth of energy for the USA per day.. + the depletion rate of these new wells is well over 40 percent.... in a 1 year time frame... So a well the produces 100 barrels a day this year next year it will produce 60 barrels a day..see that huge drop off.. every barrel of oil uses 4 barrels of water,,, Ya I'm sure everything is just fine... The USA is just running in place,,, when it comes to are oil production .. In the next ten years this town will be a ghost town,,,

reply to post by Teye22


The ugly truth about the oil barons way to make profits, with pay out oil speculators, they are the ones that keep oil prices fluctuating so the barons can make keep their fortunes.

And specualtors are not from Saudi Arabia either, they are our own home breed bastard class created by US barons in Wall Street.

You are so right is not funny about broken nails, speculations have become a commodity (unspecialized product ).

reply to post by larapa

What happened to green old Obama . . .

I think he was mainly against coal.
Maybe to help his oil-rich buddies.

reply to post by marg6043

. . . oil speculators, they are the ones that keep oil prices fluctuating . . .

It should be made illegal except for the actual users of oil, not traders who never use, buy, or sell, actual physical oil but only deal in paper as a form of gambling.

The source for this article is a Sorcha Faal story

World Trembles As US Becomes Greatest Energy Nation In History
By: Sorcha Faal, and as reported to her Western Subscribers

Just a heads up for those who care.

BAHA.

Yeah right.

NOT if Obama doesn't approve the Keystone.

My company was just sold to the Chinese for 15.1 billion dollars. (I wont say which one, but Im sure you can find out or already know if you watch the news at all)

reply to post by DaveWx3


Thought id do a bit of research on this Sorcha Faals' sources; found that on the EIA, it is more like 700,000 barrels/day but the data stops in 2012 so god knows what it is now, there is deffinetly a big increase in the last decade:

EIA

1970 levels were just about 1000,000 barrels a day . The data is quite clearly presented in a disinformation format as ( you have to multiply by 1000) at first glance it looks like 7000 barrels per day...

As for usage it seems to be roughly 18 million per week so thats roughly 2.5 per day or a deficit of 1.6 million barrels/day (going by 900,000 produced/day)

weekly

Is the source reliable?

What are they doing over there in the US drinking the stuff, in the uk its roughly $8 per gallon which is roughly double the US , my car does 50 miles to the gallon ( on the motorway ), my brother was telling me that when he was in san fransisco his friend bought a new car and was boasting that it did 12 miles to the gallon....

OMG

How could so many posts be so clueless!? I was going to actually take/waste my time addressing every crazy wrong thing I have read so far, but I am going to just wait until someone else does it. They might believe it was worth their time.

But I will say....1) the Federal government is slowing down the boom and are so useless I wish they would just remove themselves from the equation, the private sector is rocking the Bakken just fine on their own.
2) It costs around $60 a barrel to get it out of the ground there now 3) the Saudi's need $100 a barrel to pay for their government promised programs to their people. 4) More wells going in all the time, improved fracking tech, more pay zones, and better and better recovery amounts.......so we ain't even close to a daily production peak, not even close....fracking for oil in the Bakken doesn't harm the environment any more than any other industry. Safer than nuke, cleaner than coal. 5) They are flaring natural gas! But they are getting them connected to pipelines faster as the boom progresses.

So far this thread reflects all that ATS is suppose to be against......Ignorance.

Originally posted by larapa
reply to post by DaveWx3

 

Thought id do a bit of research on this Sashas' sources found on the EIA it is more like 700,000 barrels/day but the data stops in 2012 so god knows what it is now, there is deffinetly a big increase in the last decade:

EIA

1970 levels were just about 1000,000 barrels a day . The data is quite clearly presented in a disinformation format as ( you have to multiply by 1000) at first glance it looks like 7000 barrels per day...

As for usage it seems to be roughly 18 million per week so thats roughly 2.5 per day or a deficit of 1.6 million barrels/day (going by 900,000 produced/day)

weekly

Is the source reliable?

What are they doing over there in the US drinking the stuff, in the uk its roughly $8 per gallon which is roughly double the US , my car does 50 miles to the gallon ( on the motorway ), my brother was telling me that when he was in san fransisco his friend bought a new car and was boasting that it did 12 miles to the gallon....

edit on 14-3-2013 by larapa because: (no reason given)

Honestly, I don't care to research into the situation further. Oil just doesn't appeal to me very much. I'm sure eia.gov is a much more reliable source that Faal. I don't usually spend too much time outside of the Paranormal/Aliens/Metaphysics forums, but from my time in there I have seen Faal called out on many occasions.

Just from the articles you have posted between this thread and the North Korea one I PMed you about, I would say it is best to forget that you ever saw them and do the research on your own. The articles are sensationalized to say the least.

You are off to a good start though. It is always good to follow sources back to the root, attempt to assure legitimacy, and then make your own conclusions on the subject.

Anywho, back to your last question. I honestly think the 12mpg car buying was a rare occurrence or exaggeration. San Franciscans are very liberal for the most part, and public transit/walking/biking is fairly common. It would not be unheard of though. I had a 5.5" lifted Jeep Wrangler with 35" tires re-geared and all tricked out for off road, that I eventually sold to a guy from San Fran. My Jeep still got around 16mpg. I think your buddy might have bought like a tricked out Hummer or something!
The rest of CA is much more vehicle oriented, though, so it wouldn't surprise me anywhere else. I love driving and racing (and I know many people who do), but I recently moved to an old kz440 in an effort to save money and still be able to travel.

Say what you want. While the rest of the nation has struggled with a poor economy, we have been in a boom here in West Texas. Life has been increasingly better here for most. Except the issues that come with 23 year olds making $30/hour.

All this aside....energy independance is the horse that we lashed our economy to. The jobs created prime the economy and improve numbers.

It is all about the dollar in general, and the petrodollar as a secondary metric.

reply to post by larapa

so sanction on Iran was a good idea, and it can help the US economy !!!