United States becomes world’s largest producer of oil in 2013

[dbeyat45]

Very interesting ....

With the help from shale oil, the United States is the world's largest producer of oil in 2013, according to data presented at PIRA Energy Group's recent Retainer Client Seminar held in New York City.


The US has surged to be the world's lead oil supplier because of growth in shale oil. Shale crude and condensate production at 2.5 MMB/D in 2013 is now slightly over one-third of total US crude production, and shale NGL at 1.2 MMB/D is almost half of total Natural Gas Liquids (NGL).


US total supply for 2013 is expected to average 12.1 MMB/D. In 2012 the US overtook Russia to become the second largest supplier of oil and was just behind Saudi Arabia. Both the US and Saudi Arabia increased their supply in 2013, though production in the US grew at a faster pace. US total supply in 2013 is larger than that of Saudi Arabia by 0.3 MMB/D and ahead of Russia by 1.6 MMB/D. The fourth through 10th largest suppliers are: China, Canada, UAE, Iran, Iraq, Kuwait, and Mexico.

http://en.mercopress.com/2013/10/16/united-states-becomes-world-s-largest-producer-of-oil-in-2013

 

[Jackie22]

Yes, new fields here in Texas have been opened up, my grandson works for a drilling company, he said drilling in South Texas is booming.

One contributing factor in the increase in oil production here is the widespread use of fracking. I think Canada is trying to put a stop to fracking there.

Anyway, I think the increase in production is good, while it probably won't last it will give more time to research renewable sources.

 

[JustBonee]

Yes, new fields here in Texas have been opened up, my grandson works for a drilling company, he said drilling in South Texas is booming.

The Saudis want to change up their techniques to catch up with Texas because new wells have doubled in Texas this year.

Last week my son-in-law put in 100 extra hours for his drilling company.. sleep/rest optional. He's on a week/off a week.

 

[SifuPhil]

Lovely.

Now there must be something else we can lead the world in AND pollute the environment to even higher record levels ... we really should be looking a lot harder. ffended: