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US To Be #1 Oil Producer By 2017 Due To Fracking

From a despondent Agence France Presse:

Shale oil poses threat to Gulf exports

By Ali Khalil | September 24, 2013

DUBAI (AFP) – Shale oil production could pose a threat to exports from the Gulf region, whose energy wealth has given it pivotal role in the global market and a geopolitical importance, experts say.

Saudi Arabia is the world’s top oil producer, but is only marginally ahead of the United States, whose output is gaining rapidly thanks in part to development of oil shale reserves.

That could significantly alter Saudi Arabia’s export mix, as the kingdom’s oil accounted for a whopping 16 percent of US imports last year…

Saudi Arabia, in particular, has long enjoyed the status of swing producer, being able to raise and lower production and affect market balance and prices…

Huh. When people like Sarah Palin were saying ‘Drill Baby Drill,’ the experts and our media guardians told us no country could lower the price of oil by increasing its production. Of course, what they really meant was, they didn’t want the US to have that power.

The United States is on track to become the world-number-one oil producer by 2017 and a net exporter by 2030, according to the International Energy Agency (IEA)…

Not if the Democrats and the eco-terrorists have their way. We cannot give up our dependence on the Middle East. That would be dangerous.

Extracting oil and gas from shale rock formations has developed rapidly in the United states, whose recoverable shale oil resources amount to 58 billion barrels, according to the US Energy Information Administration.

The EIA ranks US wealth of shale oil second globally after that of Russia, which is around 75 billion barrels.

Not only does Russia regularly lie about these kind of things, they simply do not have the same technical abilities we have in the US.

The United States also sits on 665 trillion cubic feet of technically recoverable shale gas, EIA says. That makes it the fourth globally, after China, Argentina and Algeria.

"Around a third of Qatar’s gas exports used to go to the United States. This has stopped" due to increased local production, said [Kuwaiti energy analyst Kamil] Harami.

In 2010, Qatar celebrated becoming the world’s largest producer of liquefied natural gas, with an annual capacity of 77 million tonnes…

No wonder Al Jazeera is so down on fracking. And you have to wonder how many others in the media and the rest of the Democrat Party are being paid to oppose fracking.

This article was posted by Steve on Wednesday, September 25th, 2013. Comments are currently closed.

4 Responses to “US To Be #1 Oil Producer By 2017 Due To Fracking”

  1. GetBackJack says:

    I predict two things –

    1. Waves and waves of Saudi funded propaganda about how oil production inside our Borders ruins the USA. Causes stillborn babies. Makes people sterile. Vote Republicans. Causes the unworthy to become hillbilly millionaires. And vote against abortion. Hair to grown in unnatural places. An upsurge in beef eating, and .. what all else I can’t even imagine. Publication and documentaries will appear in the best media outlets and their shills will be earnest Hollywood peckerheads. For the children. And wolves. But I repeat myself.

    2. There will be waves of Green bombings and monkey-wrenching. For the churlden. And the wolves, etc etc bla bla bla.

    • Noyzmakr says:

      All this is already going on, gladly financed by Putin’s Gazprom and the OPEC powers. All these anti-fracking movies, Matt Damon and his band of idiots have been going around the world preaching the hazards of fracking. Britain has, for all practical purposes, banned the practice despite being held hostage every winter to Gazprom. They deserve it for being so damn stupid as they continue to listen to these communist environmentalists.

  2. Right of the People says:

    Moron libs are going to have a conniption fit. They’d rather freeze than allow us to be energy independent. We used to be the largest producer of petroleum products in the world until the friggin’ EPA and the rest of the tree and bunny huggers took over.

    I have to wonder how much of this production is going stay inside our borders and become gasoline, kerosene and motor oil. For years most of the oil from the Alaska pipeline was exported because it was more profitable than keeping in the US. Essentially we could have been a lot closer to total energy independence if only we’d kept our oil here.

    God miss the days when the adults were in charge.

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