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...I can only imagine this won't be well received in Russia and the Middle East. And in liberal/progressive circles in the US.
You do know that the US is currently a net exporter of crude oil, right?
We have been for a while.
As of 2014, the United States was the world's third-largest producer of crude oil, after Saudi Arabia and Russia, and second largest exporter of refined products, after Russia.
As of March 2015, 85% of crude oil imports came from (in decreasing volume): Canada, Saudi Arabia, Mexico, Venezuela, and Colombia.
You do know that the US is currently a net exporter of crude oil, right?
We have been for a while.
As of 2014, the United States was the world's third-largest producer of crude oil, after Saudi Arabia and Russia, and second largest exporter of refined products, after Russia.
As of March 2015, 85% of crude oil imports came from (in decreasing volume): Canada, Saudi Arabia, Mexico, Venezuela, and Colombia.
Eventually the Middle East will go back to being a completely unimportant backwater that we will no longer need to worry about. The only value they add to civilization is oil and the cons that come with it are overwhelming.
So much for the left's hysterical "peak oil" theories. LOL.
It now appears that there will be plenty for humanity to figure out alternative energy sources in our own good time. Which appears likely to take at least 50 years and probably closer to 100 years.
Eventually the Middle East will go back to being a completely unimportant backwater that we will no longer need to worry about. The only value they add to civilization is oil and the cons that come with it are overwhelming.
Except are stupid immigration policy is allowing the middle east to colonize in America and the West .
Shale oil, yes, but why not let the other countries sell theirs at the cheaper prices and then run the show when the flow diminishes.
Oil prices are low because of the pressure from US producers, OPEC has kept supplies high in the hopes of killing them off with low prices. Expect them to go up shortly...
You do know that the US is currently a net exporter of crude oil, right?
We have been for a while.
As of 2014, the United States was the world's third-largest producer of crude oil, after Saudi Arabia and Russia, and second largest exporter of refined products, after Russia.
As of March 2015, 85% of crude oil imports came from (in decreasing volume): Canada, Saudi Arabia, Mexico, Venezuela, and Colombia.
Shale oil? Meh. Unless the price tops $60 a barrel, is it viable economically?
And what does that have to do with this new huge discovery and how it will be poorly received by other oil exporting countries? Nothing. The fact it exists is the point. I made no predictions about when it would be in production.
And what does that have to do with this new huge discovery and how it will be poorly received by other oil exporting countries? Nothing. The fact it exists is the point. I made no predictions about when it would be in production.
I like the idea of burning through other countries oil first, as long as the price isn't too high.
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