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  1. #1
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    The USA is the world's largest oil producer!

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    The USA is the world's largest oil producer!

    "In the last decade, the U.S. has more than doubled oil production to 12.3 million barrels a day, making it the world’s largest producer. "

    The US is about to send a lot more oil into an oversupplied market

    An amazing turn around story from when in the 1980s-2000s the USA use to be heavily dependent upon mid-east oil sending billions of dollars outside the country every month to nations whose loyalty to the USA was at many times in doubt.

    I can't find current numbers but I think it is safe to say that the USA now exports approx 2 million more barrels per day than it imports.

    How much petroleum does the United States import and export? - FAQ - U.S. Energy Information Administration (EIA)

  2. #2
    Field Supervisor 500+ Posts tsbservice's Avatar
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    Re: The USA is the world's largest oil producer!

    Interesting topic. I'm impressed how good are you in posting such a threads.
    Just let's keep them away from Politics.
    For whom who may want to learn more:
    http://worldpopulationreview.com/cou...ing-countries/
    A tree is known by its fruit, a man by his deeds. A good deed is never lost, he who sows courtesy, reaps friendship, and he who plants kindness gathers love.

  3. #3
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    The USA is the world's largest oil producer!

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    Re: The USA is the world's largest oil producer!

    Effective today, China has imposed a 5% retaliatory tariff on all US crude oil entering their country.

    This is the first time that US oil has been targeted since the two countries began their year long trade war.

    China starts to impose additional tariffs on some US goods

  4. #4
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    The USA is the world's largest oil producer!

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    Re: The USA is the world's largest oil producer!

    The Saudis reclaimed the top exporter’s spot in July and August as hurricanes disrupted U.S. production and the trade dispute “made it more difficult for shale shipments to find markets,”

    The expansion in America’s exports in June was helped by a surge in crude-oil shipments to more than three million barrels a day, the International Energy Association said. At the time, Saudi Arabia was cutting its exports as part of the OPEC+ agreement, while Russian flows were constrained by the Druzhba pipeline crisis.

    U.S. beats Saudi Arabia to become top oil exporter on shale boom - BNN Bloomberg


    Russia is the world’s second largest oil exporter after Saudi Arabia. Since April 20thnearly 5 million tons of Russian crude bound for Europe has been stuck in westbound pipelines. The flow of oil is suspended due to high levels of contamination. The contaminated oil was being shipped via the Druzhba (Friendship) pipeline which boasts an impressive 1 million barrels per day capacity, or 1% of total global crude demand. Russia is losing half a billion dollars a day in oil profits revenue that the country desperately needs amidst biting U.S. sanctions and years of anemic economic growth.

    The heavy excess of organochlorine in the pipeline is dangerous not only to refining equipment but also people: when exposed to high temperatures the compound creates a poisonous chlorine gas much like that used on the battlefields of World War I.

    Russia Loses Billions in Druzhba Oil Pipeline Contamination Crisis



  5. #5
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    The USA is the world's largest oil producer!

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    Re: The USA is the world's largest oil producer!

    Iranian backed Houthi rebels launched a successful drone attack today on a key Saudi Arabian oil refinery taking an estimated short term 5M barrels of oil per day off the world's daily oil supply.

    Although there is lots of oil available elsewhere in the world it remains to be seen how fast Saudi Arabia can get this facility back up and running.

    This first ever large scale attack on an oil refinery via drones could very well put the USA back in first place for global oil exports but also come Monday dramatically increase the price of oil.

    USA Secretary of State Mike Pompeo accused Iran today of an "unprecedented attack" on Saudi oil facilities.

    Pompeo accuses Iran of '''unprecedented attack''' after drones hit Saudi oil facilities | Fox News

    Saturday's attack comes after weeks of similar drone assaults on other parts of Saudi Arabia's oil infrastructure but no attack has been nearly as successful as this one. The attack can only heighten tensions across the Persian Gulf.

  6. #6
    Trusted Tech 50+ Posts BaconSteve's Avatar
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    Re: The USA is the world's largest oil producer!

    I saw this in the news yesterday. Told my gf she better fill up TODAY! The shits bout-a hit the fan. I donít keep up much on current events or politics because itís all so damn insane it drives me nuts. By the way, I hear Iran is denying any involvement... pffft, right. I suppose the Saudiís did it themselves to drive supply and demand markets. Here we go...

  7. #7
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    The USA is the world's largest oil producer!

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    Re: The USA is the world's largest oil producer!

    Crude oil prices are spiking 11-18% in overnight trading. Gasoline prices will increase at the pump within days.

    The drone attack on the world's largest oil refinery took 50% of Saudi Arabia's oil capacity offline for days, maybe weeks!

    President trump released the USA's strategic oil reserve to help stabilize supply.

    The Strategic Petroleum Reserve containing 645 millions barrels of oil is the worlds largest back up supply. It is a complex of four sites along the Texas and Louisiana gulf coasts that have deep underground storage caverns 2,000 to 4,000 feet below the surface.

    President Trump tweeted tonight that the USA is "locked and loaded" to retaliate once the oil refinery attackers are verified with more US military resources being retasked or enroute.

    The opening salvo will likely be made by the US Cyber Command with an electronic strike similar to what happened when Iran shot down an expensive USA Predator drone over the Persian Gulf.

  8. #8
    IT Manager 1,000+ Posts bsm2's Avatar
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    Re: The USA is the world's largest oil producer!

    Drone attacks is a whole new ball game. As USA has thousands of unprotected sights (soft targets) including , power grids, water supplies, power dams, Airports, Stadiums , Nuclear plants and the same oil refinery's.


    The largest sources of U.S. imported oil were: Canada (40%), Saudi Arabia (11%), Venezuela (9%), Mexico (8%), and Colombia (4%). According to the American Petroleum Institute

    Last edited by bsm2; 3 Days Ago at 01:24 AM.

  9. #9
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    The USA is the world's largest oil producer!

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    Re: The USA is the world's largest oil producer!

    Forensic experts are on site now searching for fragments of the drones that will help identify the attacker. Iran is known to have been training the Houthis in drone technology,taking groups to master assembling, managing and repairing drones.

    'Drone' attack on Saudis destabilises an already volatile region - BBC News

    Both the range over which this most recent operation was conducted and the accuracy and scale of the strikes make this a different order of magnitude altogether.

    So was it really armed drones that conducted these attacks (UAVs) or was it some kind of missile strike?

    In 2018, a report from a UN expert panel pointed to the remarkable similarity between the Houthi Qasef-1 UAV and the Iranian Ababil-T.

    However, the Qasef-1/Ababil-T only has a range of about 100-150km. The distance from the Yemeni border to the closest target - the Khurais oil field - is about 770 km. So if these recent attacks were carried out by a UAV it would have to have been of an altogether different design, with hugely increased range and a significantly greater level of reliability.

    Some kind of cruise missile might also be a possibility, perhaps fired from either Iraq or Iran, but clarity on these questions will require access to reliable intelligence information.

    Iran, along with its Houthi allies, is conducting a classic war of the weak against the strong; a "hybrid conflict" as it is known in the strategic textbooks. It is borrowing many of the tactics from the Russian play-book - the use of deniability; proxies; cyber operations and information warfare.

  10. #10
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    Re: The USA is the world's largest oil producer!

    It now seems clear that Iran covertly attacked Saudi Arabia's oil producing capability with a combination of 25 accurately targeted cruise missiles and drones.

    US Secretary of State Mike Pompeo declared the attack an "act of war" against Saudi Arabia.

    While global oil prices temporarily rose they have since fallen back to near normal levels as Saudi Arabia announced today that they expect to be able to repair their damaged facilities by month end.

    President Trump has announced greatly increased economic sanctions against against Iran but no details have been yet published. The President reminded all that it was not the USA that was attacked. Saudi Arabia is the world's largest buyer of US military hardware and 3rd largest overall.

    The US seems content to let Saudi Arabia respond directly to the attack side stepping any military action on its part. Tensions in the Middle East have risen dramatically and many fear that letting this attack go unanswered encourages further bad behaviour by Iran.

    A whole new world of low cost, remotely guided devastating attacks on vulnerable economic and social facilities (like a soccer stadium) now seem possible.

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