Article

2018-07-11 Economy

U.S. Is Set to Become World's Top Oil Producer, Government Says

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2018-07-11 00:13|| || Front Page|| [2 views ] Top

#1 Oil ticks beware!

Posted by g(r)omgoru 2018-07-11 03:57|| 2018-07-11 03:57|| Front Page Top

#2 The US consumes 19.69 million barrels per day.

Posted by Shinemble Greans4690 2018-07-11 04:51|| 2018-07-11 04:51|| Front Page Top

#3 Nice but no long range thinking. Helium 3 on the moon could be the next Saudi oil field. It's potential future nuclear fusion power plant energy yield has already started a moon exploration race.

The major problem now is on site processing.

Posted by Woodrow 2018-07-11 05:46|| 2018-07-11 05:46|| Front Page Top

#4 Permian Basin pipeline companies are building three new pipelines, since they are currently maxed out, to enable another 2 million bbl/day to be shipped to the Texas refineries. Fracking has massively increased the Permian tappable reserves.

Posted by 3dc 2018-07-11 05:51|| 2018-07-11 05:51|| Front Page Top

#5 The situation is well covered in this fine video:

Posted by 3dc 2018-07-11 05:54|| 2018-07-11 05:54|| Front Page Top

#6 US is already the leading producer of natural gas and has been for almost a decade

and the production has been increasing by 10% per year

Posted by lord garth 2018-07-11 06:32|| 2018-07-11 06:32|| Front Page Top

#7 #6 Qatar natural gas production leveled off and started downhill last year. The pace should increase over the next decade while US production should increase substantially as it captures European markets.

Posted by 2018-07-11 08:22|| 2018-07-11 08:22|| Front Page Top

#8 The wife and I drove through southeast New Mexico and west Texas a week ago on the way back to Houston from Santa Fe. The drilling rigs were too numerous to count, with flare-offs on site. New service equipment in huge impromptu lots, tanker trucks and temporary housing areas everywhere--and that's what could be seen without leaving the highway. Frankly, there were so many work trucks everywhere in the middle of nowhere that it was dangerous. Must be why there were DPS vehicles everywhere as well. In all my long life in Texas, and I grew up in the oil patch, never seen anything like this.

Posted by brujotejano 2018-07-11 09:53|| 2018-07-11 09:53|| Front Page Top

#9 Ref #8: All of which means more jobs for people in the oil patch, more taxes in local, state, and federal coffers. Less dependence on foreign energy.

Posted by Besoeker 2018-07-11 10:03|| 2018-07-11 10:03|| Front Page Top

#10 Hurdles to mining helium on the moon.

Posted by Skidmark 2018-07-11 10:14|| 2018-07-11 10:14|| Front Page Top

#11 Oh, there's still a large cohort in Washington (and some retirees, cough, cough) who have a big vested interest in large transfers of western dollars to the oil ticks. For "stability" ya know...

Posted by M. Murcek 2018-07-11 13:01|| 2018-07-11 13:01|| Front Page Top

21:43 Regular joe
21:40 magpie
21:30 Frank G
21:25 charger
21:20 Bugs Thud4877
21:06 gorb
20:15 Frank G
20:14 Frank G
20:09 Frank G
19:50 Anomalous Sources
19:45 Anomalous Sources
19:38 Anomalous Sources
19:34 Anomalous Sources
19:34 CrazyFool
19:21 USN, Ret.
18:40 JohnQC
18:30 Anguper Hupomosing9418
18:29 Rob Crawford
18:27 Anguper Hupomosing9418
17:30 jpal
17:21 Whiskey Mike
17:20 jpal
16:49 Tom
16:41 AlanC