Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. Is Poised to Overtake Russia as Largest Oil-and-Gas Producer
Wall Street Journal ^

Posted on 10/02/2013 2:12:31 PM PDT by Sub-Driver

U.S. Is Poised to Overtake Russia as Largest Oil-and-Gas Producer

By RUSSELL GOLD and DANIEL GILBERT CONNECT

The U.S. is poised to overtake Russia as the world's single largest producer of oil and natural gas combined this year, a startling shift that is reshaping energy markets and eroding the clout of traditional petroleum-rich nations.

Shale-rock formations of oil and natural gas have fueled a comeback for the U.S. that was unimaginable a decade ago. Russia meanwhile has struggled to maintain its energy output and has yet to embrace the technologies such as hydraulic fracturing that have boosted U.S. reserves.

The increase of U.S. energy output in recent years has been widely discussed. But a Wall Street Journal analysis of global data shows that the country is on track to pass Russia as the world's largest producer of oil and gas this year—if it hasn't already.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; News/Current Events; Russia
KEYWORDS: carbontax; energy; europeanunion; gazprom; kenyanbornmuzzie; naturalgas; oil; opec; russia
Quick, someone call the EPA and have them issue more emergency regulations.......
1 posted on 10/02/2013 2:12:31 PM PDT by Sub-Driver
[ Post Reply | Private Reply | View Replies]

To: Sub-Driver

Outstanding, America!


2 posted on 10/02/2013 2:14:34 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Southack

When the liberals squeal louder, you know they are actually afraid~!


3 posted on 10/02/2013 2:15:51 PM PDT by princess leah
[ Post Reply | Private Reply | To 2 | View Replies]

To: Sub-Driver

Just think where we would be if we could get the Federal government out of the way.


4 posted on 10/02/2013 2:19:14 PM PDT by Truth29
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

WE’RE TAKIN’ OVER RUSSIA!

At least that’s how that headline reads to me at first, lol.


5 posted on 10/02/2013 2:21:10 PM PDT by Beowulf9
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Gas prices will increase about $1 per gallon by 2015 and take a $550 billion bite out of Americans’ take-home pay when the Environmental Protection Agency’s (EPA) Renewable Fuel Standard (RFS) increases the ethanol mandate past the 10 percent “blend wall.”


6 posted on 10/02/2013 2:44:01 PM PDT by philetus (Keep doing what you always do and you'll eventually get what you deserve)
[ Post Reply | Private Reply | To 1 | View Replies]

To: philetus

Ethanol destroys engines. It probably does not save us any energy either.


7 posted on 10/02/2013 2:59:08 PM PDT by 3Fingas (Sons and Daughters for Freedom and Rededicaton to the Principles of the U.S. Constitution)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Sub-Driver

Gee, just wait till we have a President who can leverage that into some influence on the world stage. Why, we might become a superpower!


8 posted on 10/02/2013 3:14:34 PM PDT by BfloGuy (Workers and consumers are, of course, identical.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

The amazing fact is that we have made these gains under the Obama regime.

Barry got Fracked and didn’t even know it.


9 posted on 10/02/2013 3:18:52 PM PDT by oxcart (Journalism [sic])
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Russia meanwhile has struggled to maintain its energy output and has yet to embrace the technologies such as hydraulic fracturing that have boosted U.S. reserves.

Does Russia have many/any shale areas that would supply more oil by fracturing?

10 posted on 10/02/2013 3:27:37 PM PDT by Oatka (This is America. Assimilate or evaporate.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

The Epa and Obama’s goons will never let it happen.


11 posted on 10/02/2013 3:59:48 PM PDT by Precinct Worker
[ Post Reply | Private Reply | To 1 | View Replies]

To: 3Fingas

I’m not a fan of the ethanol program, but if ethanol is destroying engines, why is the average age of vehicles on the road at an all time high?

http://www.autonews.com/article/20130806/RETAIL/130809922/average-age-of-u.s.-car-light-truck-on-road-hits-record-11.4-years#


12 posted on 10/02/2013 4:03:18 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
[ Post Reply | Private Reply | To 7 | View Replies]

To: nascarnation

Depending on how much ethanol is in the mixture and environmental conditions:

http://auto.howstuffworks.com/fuel-efficiency/alternative-fuels/ethanol-damage-engine.htm

Why engines are living longer? Modern manufacturing techniques and service plans, perhaps.

There’s a reason why people seek out gas without ethanol (E0).


13 posted on 10/02/2013 4:19:53 PM PDT by 3Fingas (Sons and Daughters for Freedom and Rededicaton to the Principles of the U.S. Constitution)
[ Post Reply | Private Reply | To 12 | View Replies]

To: 3Fingas

We run the best possible durability test here in the US.
2.7 trillion vehicle miles per year.
Over 80% of it on E10.
Vehicle life is actually increasing.

People seek out E0 because it gives better mpg, not because of durability.


14 posted on 10/02/2013 4:28:17 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Sub-Driver
U.S. Is Poised to Overtake Russia as Largest Oil-and-Gas Producer...watched an interesting story on RT the other day about how the Ukraine is negotiating to import oil specialists from the US, Exxon-Mobile I think, to help them with their shale oil production - if only leftists in this country understood how important and valuable this industry is.....
15 posted on 10/02/2013 4:34:51 PM PDT by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: nascarnation

The only way to know for sure would be to test both. I suspect that cars run exclusively on E0 would last longer, function better, and get better gas mileage as you said. Almost all the gas in Texas, at least where I live, is E10. The EPA wants to go E15. Probably not a good idea either.

Ethanol is most just a stimulus plan for farmers and environmentalists. Again, IMHO.


16 posted on 10/02/2013 4:38:02 PM PDT by 3Fingas (Sons and Daughters for Freedom and Rededicaton to the Principles of the U.S. Constitution)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Sub-Driver

Amazing, the history books will now have two good things to say about Obama’s legacy. This and Bin Laden.


17 posted on 10/02/2013 4:40:23 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 3Fingas

I’m not arguing the politics, I just don’t believe the FReepers who continually yell “ethanol destroys engines”.

I have a barn full of old stuff that has run on E10 for 20+ years.


18 posted on 10/02/2013 4:41:07 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Intolerant in NJ
if only leftists in this country understood how important and valuable this industry is.....

They wouldn't oppose it if they didn't understand that. The main goal of leftists is to make Americans poor.

19 posted on 10/02/2013 4:42:36 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Oatka

Somewhere there was a report that an area in far eastern Siberia has similar shale deposits that dwarf what is in America. With all the theft of American technology in which they engage I am surprised the ruskies are not all over this.


20 posted on 10/02/2013 8:41:45 PM PDT by bioqubit
[ Post Reply | Private Reply | To 10 | View Replies]

To: Sub-Driver

The Commies and those who gleefully cheer for America’s demise are deeply saddened.


21 posted on 10/03/2013 5:55:53 PM PDT by American Constitutionalist
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Imagine that folks ? ... if a New Conservative Administration is elected in 2014 and America's economic power is unleashed and allowed to grow this could be THE AMERICA'S CENTURY chapter II.
America could very well turn into a MEGA Super Power.
22 posted on 10/03/2013 5:57:53 PM PDT by American Constitutionalist
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oatka
Does Russia have many/any shale areas that would supply more oil by fracturing?

It likely that the entire world has those areas, including ocean floors.

We live on a planet that has enough stored energy in the form of natural gases and oils that we will still have hardly tapped into them in a 1,000 years.

That's assuming that we even need those forms of energy anymore.

23 posted on 10/03/2013 6:06:23 PM PDT by Balding_Eagle (Damn ObamaCare, full speed ahead!)
[ Post Reply | Private Reply | To 10 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson