Messages
911
Reaction score
0
Oct 15 (Reuters) - The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history, according to leading U.S. energy consultancy PIRA.

U.S. output, which includes natural gas liquids and biofuels, has swelled 3.2 million barrels per day (bpd) since 2009, the fastest expansion in production over a four-year period since a surge in Saudi Arabia's output from 1970-1974, PIRA said in a release on Tuesday.

It was the latest milestone for the U.S. oil sector caused by the shale revolution, which has upended global oil trade. While still the largest consumer of fuel, the rise of cheap crude available to domestic refiners has turned the United States into a significant exporter of gasoline and distillate fuels.

Last month, China surpassed the United States as the largest importer of crude, according to the U.S. government, as the rise of domestic output cuts the U.S. dependence on overseas oil.

"(The U.S.) growth rate is greater than the sum of the growth of the next nine fastest growing countries combined and has covered most of the world's net demand growth over the past two years," PIRA Energy Group wrote.

"The U.S. position as the largest oil supplier in the world looks to be secure for many years," it added.

http://www.reuters.com/article/2013/10/15/us-oil-pira-idUSL1N0I51IX20131015
 

JBond

UDFA
Messages
2,667
Reaction score
2
By someone who doesn't understand that we are already the world's top exporter of oil

Maybe you just simply do not understand the term export. We are not the largest exporter of oil no matter how many times you lie about it. At first I just thought you were ignorant, but now we know you are both ignorant and arrogant. Your mindless defense of the indefensible is just silly at this point.

Show me the numbers or shut up.
 
Last edited:

jnday

UDFA
Messages
2,680
Reaction score
0
Let me hold some money.

I am looking at about to and a half months before I get my hands on all of it lol. You can come over for a beer and steak. You are not that far away.
 

jnday

UDFA
Messages
2,680
Reaction score
0
Congrats!

Thanks man. I have been taking care of an elderly couple for a few years and they left me everything. The lady passed on Jan. 8th and the gentleman passed Feb. 22. They didn't have any kids and they looked at me as their son. I hated to lose them. Over the last few years, I spent up to ten hours a day taking care of them. They lived next door to my parents and I felt sorry for them when their health failed. They didn't have any family and they had outlived all if their friends. I guess it pays to try and help people. I got much more than just money from helping them.
 

VTA

UDFA
Messages
2,666
Reaction score
585
Good work Jnday.:thumbsup
Beyond the money it does pay to help others like that.
 
Top Bottom