Tuesday, May 22, 2018

Your good news of the day: U.S. World's Top Fossil Fuels Producer for Sixth Year in a Row, Huzzah!

According to the U.S. Energy Information Administration, the United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high.  The report went on to say that the United States "has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and the world's top producer of petroleum hydrocarbons since 2013, when U.S. production exceeded Saudi Arabia’s. Since 2008, U.S. petroleum and natural gas production has increased by nearly 60%."

I remember when we were on an unstoppable downward production trend, and the experts told us that would never change.  Other so called experts claimed that oil would soon run out altogether.  

Never blindly believe the experts.

And to put a cherry on top of this ice cream sundae, our oil reserves surpass those of Saudi Arabia and Russia!

Proven oil reserves in the United States were 36.4 billion barrels (5.79×109 m3) of crude oil as of the end of 2014, excluding the Strategic Petroleum Reserve. The 2014 reserves represent the largest U.S. proven reserves since 1972 and a 90 percent increase in proved reserves since 2008. The Energy Information Administration estimates U.S. undiscovered, technically recoverable oil resources to be an additional 198 billion barrels.

We pumpin' and they slumpin'

2 comments:

  1. "The report went on to say that the United States "has been the world's top producer of natural gas since 2009"

    2009. Wasn't that the year Obama got elected? I guess he can take credit for America's oil & gas output surge.

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    Replies
    1. It's the fracking. They didn't see that coming, so they couldn't use the power of the federal government to stop it. And it was a purely private sector development - American companies did make that happen.

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