Page 1 of 5 123 ... LastLast
Results 1 to 10 of 44

Thread: U.S. Passes Saudis In Oil Output, No Thanks To White House

  1. #1
    Curmudgeon


    LowDown's Avatar
    Join Date
    Jul 2012
    Location
    Houston
    Last Seen
    Today @ 12:07 PM
    Gender
    Lean
    Libertarian
    Posts
    11,566
    Blog Entries
    11

    U.S. Passes Saudis In Oil Output, No Thanks To White House

    U.S. Passes Saudis In Oil Output, No Thanks To White House - Investors.com

    In spite of the Obama Administration's hostility to carbon-rich energy, private actors with private capital deployed on private (and state) land have launched a game-changing revolution in domestic oil and natural gas production.

    A scarcely reported milestone conveys the magnitude of this turnaround in the global energy landscape.

    The U.S. passed Saudi Arabia as the world's largest petroleum producer in November 2012, according to recently released data of the federal Energy Information Administr
    Oil reserves that can currently be reached by new technologies in the US are huge, several times the previous known reserves of a few years ago.

    By law 100% of this oil is consumed here in the US.

    The EPA may try to reduce production through regulation. If they do it will be the end of the EPA.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

  2. #2
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 05:28 PM
    Gender
    Lean
    Libertarian
    Posts
    34,635

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    Quote Originally Posted by LowDown View Post
    U.S. Passes Saudis In Oil Output, No Thanks To White House - Investors.com



    Oil reserves that can currently be reached by new technologies in the US are huge, several times the previous known reserves of a few years ago.

    By law 100% of this oil is consumed here in the US.

    The EPA may try to reduce production through regulation. If they do it will be the end of the EPA.
    Really?

    U.S. Exports of Crude Oil (Thousand Barrels)

    http://priceofoil.org/2013/02/08/us-...-it-both-ways/

    Crude exports are governed by the Export Administration Act of 1979, which gives the president the authority to ban or curtail the export of commodities thought to be in short supply. While certain exceptions have been granted, most U.S. energy companies are unable to export crude to foreign countries besides Mexico and Canada.

    Adam Sieminski, the recently appointed head of the US Energy Information Administration, has also voiced his support in favor of crude oil exports. He argues that crude exports could actually benefit the U.S. economy by creating jobs and ultimately reducing prices.
    Should the U.S. Export Crude Oil?
    Last edited by ttwtt78640; 04-08-13 at 10:00 AM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  3. #3
    Curmudgeon


    LowDown's Avatar
    Join Date
    Jul 2012
    Location
    Houston
    Last Seen
    Today @ 12:07 PM
    Gender
    Lean
    Libertarian
    Posts
    11,566
    Blog Entries
    11

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    I stand corrected. I read somewhere that export of oil produced in the US was against the law.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

  4. #4
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 05:28 PM
    Gender
    Lean
    Libertarian
    Posts
    34,635

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    Quote Originally Posted by LowDown View Post
    I stand corrected. I read somewhere that export of oil produced in the US was against the law.
    It is now minimal and very heavily regulated but has the potential to be much higher. As was noted in the links provided, it requires pipeline infrastucture (jobs?) to be done efficiently.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  5. #5
    Banned
    Join Date
    Jul 2009
    Location
    Ft. Campbell, KY
    Last Seen
    12-31-14 @ 08:37 PM
    Gender
    Lean
    Independent
    Posts
    12,177

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    There's some conflicting reports, I wonder what and if there's a difference between the "crude oil produced" that the CIA factbook talks about and the "petroleum production" mentioned in the OP.

    https://www.cia.gov/library/publicat.../2241rank.html

  6. #6
    Guru
    Republic Now!'s Avatar
    Join Date
    Feb 2012
    Last Seen
    09-12-14 @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    2,671

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    Quote Originally Posted by Wiseone View Post
    There's some conflicting reports, I wonder what and if there's a difference between the "crude oil produced" that the CIA factbook talks about and the "petroleum production" mentioned in the OP.

    https://www.cia.gov/library/publicat.../2241rank.html
    Crude has to be refined I believe.
    One who makes himself a worm cannot complain when tread upon.

  7. #7
    Sage
    Somerville's Avatar
    Join Date
    Apr 2012
    Location
    On an island. Not that one!
    Last Seen
    Yesterday @ 11:48 PM
    Lean
    Socialist
    Posts
    9,820

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    "No thanks to the White House"? Wow! Some folks will believe anything as long as it is negative about the present Administration


    Connected to the headline is this:

    Texas Refinery Is Saudi Foothold in U.S. Market

    PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin.

    But right in the middle of town stands a strategic outpost for Saudi Arabia's global ambitions, although one that the Saudis appear loath to publicize.

    The giant Motiva oil refinery, which just completed a $10 billion expansion that makes it the largest processor of gasoline, diesel and other petroleum products in the United States, is owned by Saudi Aramco and Royal Dutch Shell in a 50-50 partnership.

    Saudi Aramco's investment in the refinery expansion is meant to ensure that Saudi Arabia will retain an important market for its crude in the United States at a time when American politicians are declaring their intention to wean the country off imported oil.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

  8. #8
    Mod Conspiracy Theorist
    rocket88's Avatar
    Join Date
    Mar 2011
    Location
    A very blue state
    Last Seen
    Today @ 02:17 PM
    Gender
    Lean
    Independent
    Posts
    31,169

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    Quote Originally Posted by LowDown View Post
    U.S. Passes Saudis In Oil Output, No Thanks To White House - Investors.com



    Oil reserves that can currently be reached by new technologies in the US are huge, several times the previous known reserves of a few years ago.

    By law 100% of this oil is consumed here in the US.

    The EPA may try to reduce production through regulation. If they do it will be the end of the EPA.
    If we had passed the Saudis in output 6 years ago, it would be proof of W's greatness. Now it's "No thanks to the White House."


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

  9. #9
    Filmmaker Lawyer Patriot
    Harshaw's Avatar
    Join Date
    Oct 2005
    Last Seen
    Today @ 06:24 PM
    Lean
    Libertarian - Right
    Posts
    29,581

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    There is no question at all that the Obama White House is hostile to oil production, and fossil fuels in general. To pretend otherwise is pure hackery.

    And it's a stupid thing. Purposely crippling ourselves in favor of some fantastical "clean energy" which may or may not happen is ludicrous. (Never mind that there is NO form of "clean energy" which isn't being protested and opposed by someone naturally sympathetic to the aforementioned Obama White House.)
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

  10. #10
    Sage
    Slyfox696's Avatar
    Join Date
    Mar 2013
    Last Seen
    Today @ 11:52 AM
    Gender
    Lean
    Moderate
    Posts
    7,985

    Re: U.S. Passes Saudis In Oil Output, No Thanks To White House

    Quote Originally Posted by Harshaw View Post
    There is no question at all that the Obama White House is hostile to oil production, and fossil fuels in general. To pretend otherwise is pure hackery.
    I definitely question it. I do NOT question Obama prefers to pursue clean/renewable forms of energy. And in a perfect world, Obama would be right in this. Obviously we don't live in a perfect world, but I'm not really interested in discussing clean vs oil.

    What I'm curious about is your statement saying they are hostile to fossil fuels. What sort of things has he done to show he's hostile to fossil fuels?

Page 1 of 5 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •