Peak Oil News and Message Boards

The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, according to research firm Rystad Energy. Surging shale oil output should allow the United States to dethrone Russia and Saudi Arabia as the planet's leading crude oil producer, Rystad predicted in a recent report. The U.S. hasn't been the global leader, nor ahead of both Russia and Saudi Arabia, since 1975. "The market has completely changed due to the U.S. shale machine," said Nadia Martin Wiggen, Rystad's vice president of markets. The prediction shows how the fracking revolution has turned America into an energy powerhouse -- a transformation that President Trump has vowed to accelerate by cutting regulation. This long-term shift has allowed the U.S. to be less reliant on foreign oil, including from the turbulent Middle East. U.S. oil production slipped

copious.abundance wrote:*crickets*

Subjectivist wrote:This is no different than the Saudi America nonsense some have been pushing for years. Unless and until America is a net oil exporter the very premise is backwards.

Subjectivist wrote:This is no different than the Saudi America nonsense some have been pushing for years. Unless and until America is a net oil exporter the very premise is backwards.

AdamB wrote:

Subjectivist wrote:This is no different than the Saudi America nonsense some have been pushing for years. Unless and until America is a net oil exporter the very premise is backwards.

Net oil would be nice, but is not required.

Net energy though looks to be pretty doable though, in most cases.

EIA TIE Jan 5 2017