Skip to comments.U.S. to overtake Russia as top oil producer by 2019 at latest: IEA
Posted on 02/27/2018 12:20:14 AM PST by Berlin_Freeper
The United States will overtake Russia as the worlds biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the countrys shale oil boom continues to upend global markets.
(Excerpt) Read more at reuters.com ...
Many so called experts said the U.S. reached peak oil and would decline in production.
We really should be worrying about Peak Olive Oil in Greece.
Ahead of schedule and under budget
Make it in October 2018
The U.S. Energy Information Administration said early this month that U.S. output would exceed 11 million bpd by late 2018. That would take it past top producer Russia, which pumps just below that mark
Our only hope ro survive is for Mueller and Rosenstein to get Trump impeached! The world won’t survive unless these anti environmental crimes are stopped.
Maybe President Obama still has some influence in the U S government that can help stop Trump’s madness
Do I really need a /sarcasm tag?
Is this true even with that Nordstream 2 pipeline thing in the works?
Nordstream 2 pipeline is natural gas and not crude oil?
In any event, I think Nordstream 2 pipeline replaces the one used now.
Nordstream 2 is for natural gas.
“Drill, baby, drill!”
When Governor Palin said that in her speeches, the #FakeNews media called in hundreds of experts to assure us that drilling for more oil would not produce more oil. It turns out that all of those experts were wrong. Unexpected!
If the U,S is the top producer, why haven’t pump prices dropped? Gas in central Wisconsin are still at $2.59?
I believe the pumps have been “welded’ on that for months.
It sure isn’t “tourist season” here in snow country.
Although we are producing more oil than ever, we still import about 60% of the oil we consume - you could say we are very “oil thirsty”.
That is not to downplay our increased domestic production. That is good for the economy, whether it makes us “oil independent” or not.
“Nordstream 2 is for natural gas”
Oh! Can the U.S. lead in natural gas AND oil? That’d be nice.
“Sarah Palin predicted in 2008 that Putin would invade Ukraine if Obama elected”
Drill Baby, Drill!
“” “” Oh! Can the U.S. lead in natural gas AND oil? Thatd be nice.”” “”
US may lead in Americas and Pacific (the latter is not assured but possible). In Europe US gas won’t be competitive under current conditions for decades to come.
Libya, Syria and Ukraine is mostly about to change it by introducing non-market mechanisms into play.
Ukraine is mostly about to gain control over transit of cheap Russian gas to Europe and block it and in order if Russians would give up on it using alternative routes there are Greens and ‘New Europe’ (read globalist puppets) opposing Nordstream project which is to deliver directly to Germany.
Libya and Syria is about to establish pipeline routes to pump from Middle East and also LNG terminals in Poland and Baltics for American gas with the idea to share European market between US and Arabs.
Austria’s Sebastian Kurz buddying up to Putin. Supports Russian domination of European energy market. Thoughts?