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Related: About this forumU.S. May Soon Become World's Top Oil Producer
http://www.manufacturing.net/news/2012/10/us-may-soon-become-worlds-top-oil-producer?et_cid=2911405&et_rid=54679148&linkid=http%3a%2f%2fwww.manufacturing.net%2fnews%2f2012%2f10%2fus-may-soon-become-worlds-top-oil-producer
U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
The boom has surprised even the experts.
"Five years ago, if I or anyone had predicted today's production growth, people would have thought we were crazy," says Jim Burkhard, head of oil markets research at IHS CERA, an energy consulting firm.
The Energy Department forecasts that U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year. That would be a record for the U.S. and just below Saudi Arabia's output of 11.6 million barrels. Citibank forecasts U.S. production could reach 13 million to 15 million barrels per day by 2020, helping to make North America "the new Middle East
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U.S. May Soon Become World's Top Oil Producer (Original Post)
eridani
Oct 2012
OP
liberal N proud
(60,346 posts)1. At a cost too high to tolerate
The environmental cost is going to kill this land.
dipsydoodle
(42,239 posts)2. "the new Middle East"
So the US will be able to attack itself.
JackN415
(924 posts)3. Now you know why the RW and neocons are so hell bent to take over the US...
It's oil my friends!!!! No self-respected neocons pass up an opportunity to control oil rich country.
Shankapotomus
(4,840 posts)4. If we already produce that much oil
why haven't we weaned ourselves off of foreign oil yet?
FBaggins
(26,760 posts)5. Because we consume even more than that.
Quite a bit more in fact.
Javaman
(62,534 posts)6. Because we have 5% of the worlds population and use 25% of it's resources. nt
NickB79
(19,274 posts)7. 19 million barrels per day used, 11 million barrels produced
We're still using 8 million barrels per day more than we make.
happyslug
(14,779 posts)8. Topic was listed on Tuesday, here is the previous thread
The actual source was Associated Press, but the Newspaper was different (Through the article was the same).
http://upload.democraticunderground.com/1014276532
eridani
(51,907 posts)9. Sorry--half the time I'm online the search function is down n/t
happyslug
(14,779 posts)10. Nothing to be sorry, about it happens all the time
If someone catches it, like I did, they should point it out to the poster and anyone else who sees that post. On something like DU, that is all that can be expected.