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Nairaland Forum / Nairaland / General / Business / US Overtakes Saudi Arabia, Russia As Largest Oil Producer (20786 Views)
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US Overtakes Saudi Arabia, Russia As Largest Oil Producer by ehispapa(m): 12:30am On Jul 05, 2014 |
http://www.vanguardngr.com/2014/07/us-overtakes-saudi-arabia-russia-largest-oil-producer/?utm_source=&utm_medium=facebook 4 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by aljharem(m): 12:34am On Jul 05, 2014 |
Lies, big propaganda. Na so e dey happen. 4 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by ratiken(m): 12:42am On Jul 05, 2014 |
Good development for them. Hopefully there should less global demand for oil to allow us produce for local consumption/ development. I hope we get our acts together to take advantage of these developments through more refineries and employment. 1 Like |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by fitzmayowa: 12:42am On Jul 05, 2014 |
alj harem: Lies, big propaganda. Do you have any "counter proof" 25 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by cbrass(m): 1:01am On Jul 05, 2014 |
Pure lies 3 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by aljharem(m): 2:16am On Jul 05, 2014 |
fitzmayowa: Not exactly but based on my little knowledge I know it can't be true unless proven otherwise. Yes Shale oil is there but all these are just peculations. Some grades of Shale oil itself might not be viable. No matter how good shale oil is, he can never be compared both in quantity and quality to crude oil. These is what Saudi and Russia have 8 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by chiboy11(m): 7:25am On Jul 05, 2014 |
America does not produce Crude or Have Crude oil wat dey ve is Shale Oil which is only good to Power electricityn am sure no automobile in dis world uses such , so dis re all lies n propagada. If America haz crude oil y re dey d 2nd most country afta china importing Oil or do dey drink diers 11 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by rusher14: 11:28am On Jul 05, 2014 |
There has always been an American thirst for energy. Not surprising considering they consume a little over a quarter of the world's oil production. The Oil-rich state of Texas is just about the size of Nigeria but a third of the size of Saudi Arabia. This doesn't diminish the high production capacity of the US as many more states produce oil from both onshore and offshore reserves. The first successful well drilled for the singular purpose of finding oil was after all by Colonel Edwin Drake in Pennsylvania in the year 1858. In other words, there has been a long and well chronicled history of the US being a producer of Crude Oil and various other forms of hydrocarbons. Being a huge country with vast hydrocarbon resources but also having a huge demand for energy (2006 figures are about 21 million barrels of oil consumption daily) majority of its energy demand is offset by importation. Notably, Canada has always been the greatest exporter of oil to the US. with many of the Gulf countries being further markets from which they source their energy. In recent times there have been deliberate government policies enacted to increase the capacity of hydrocarbon production (from crude, to natural gas, to Shale oil etc.) as well as reduce energy consumption. It should surprise no one that this has led to an upswing in production capacity and a reduction in the reliance of imported energy. My 2-Cents. 21 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by WackyJ1(m): 5:26pm On Jul 05, 2014 |
I smell propaganda Now America cannot be blamed for inviting terrorism in oil rich countries because it produces more than enough oil to feed itself. Well played America rusher14: And these "recent" policies are enough to make them jump from the biggest importers to the biggest producers? 3 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by rusher14: 6:00pm On Jul 05, 2014 |
WackyJ1: I smell propaganda I maintain that the US has always been one of the largest producers of Hydrocarbons and certainly one with the largest reserves. Cutting-edge technology as applied in Shale-oil production, paradigm shift in Government policies to allow for Shale-oil production and greater investment in offshore exploration can and has indeed sprung a production capacity never before witnessed. Please be guided that greatest producer does not translate to greatest exporter as industrialized productivity makes domestic consumption/demand quite thirsty. Realize also, the USA is massive in sheer land size with reserves even in unexpected places such as New York. One might also mention deep offshore exploration yielding favorable outcomes. If in doubt you can look through repositories like Rigzone with day-to-day figures and bulletins for the oil and gas industry. 6 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by cbrass(m): 10:48pm On Jul 05, 2014 |
No wonder ISIS declared war on saudi arabia...waoo...so this is it, this is why I will always support russia against these vampires of the west 2 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by LajaLaba: 11:04pm On Jul 05, 2014 |
cbrass: No wonder ISIS declared war on saudi arabia...waoo...so this is it, this is why I will always support russia against these vampires of the westAre u a muslim? 5 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by LMAyedun(m): 6:22am On Jul 07, 2014 |
aljharem: Lies, big propaganda. cbrass: Pure lies |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by melvin0004(m): 6:27am On Jul 07, 2014 |
aljharem: Lies, big propaganda.USA has oil like mad n der also buy to keep against d future. 2 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Opiosko: 6:27am On Jul 07, 2014 |
Pray thee tell me why this should be of any concern of mine?? After all, they have long stop buying our crude. |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Guykhena(m): 6:27am On Jul 07, 2014 |
The Americans are the best at everything,why?cus they protect their own. While in Nigeria here,the production of Oil has been turned into a Family Business by our Politrickians. Smh 6 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Nobody: 6:28am On Jul 07, 2014 |
zz 16 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Innodon(m): 6:31am On Jul 07, 2014 |
noted |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Mubby4luv(m): 6:32am On Jul 07, 2014 |
Nigeria.. from Grace to Grass |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by dridowu: 6:32am On Jul 07, 2014 |
Good Morning Nigerians 1 Like |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Input(m): 6:36am On Jul 07, 2014 |
chiboy11: America does not produce Crude or Have Crude oil wat dey ve is Shale Oil which is only good to Power electricityn am sure no automobile in dis world uses such , so dis re all lies n propagada. Ignorance is a disease, if you don't know just keep quiet and ask questions 14 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Nobody: 6:39am On Jul 07, 2014 |
It was not unexpected...Men who don't sleep when others are sleeping should be blessed by the God of wealth for their hard work. Shale OILLLLLLLL! 2 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by fr3do(m): 6:41am On Jul 07, 2014 |
Is shale oil now 'oil'? Undenialably, they are the biggest energy producer taking radioactive fuel into consideration. But oil, no. |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Nobody: 6:43am On Jul 07, 2014 |
WackyJ1: I smell propagandaread history man... They were the largest but for some reasons, they stopped and decided to import. A few months ago, they were deliberating where to remove the ban they had placed on oil production. And considering the shale oil in their reserve, what do you expect? 4 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by CharlieMaria(m): 6:43am On Jul 07, 2014 |
I came, I saw, I commented. Next please. 1 Like |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by mohammad11: 6:47am On Jul 07, 2014 |
Who's controlling South Sudan oil ? Is'nt it the same America? What of Iraq and Libya?. They use thier head to takeover pple's resources with the popular tag name(peace keeping). I've read many journalists/political science reviews about the possible events to happen in nigeria with the presence of so called America. They'll soon take over the control of the niger delta oil. |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by henryobinna(m): 6:48am On Jul 07, 2014 |
whatever! they are the highest doesn't stop em from buying our own. besides I want them to stop buying ours totally so that all these corrupt NNPC officials go starve due to greed.. BTW goodmorning Nairaland. how to turn your Android into a video studio |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by pontirock(m): 6:50am On Jul 07, 2014 |
Stolen oil 4rm Libya,Iraq etc |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by naijathings(m): 6:50am On Jul 07, 2014 |
this might mean BIG TROUBLE.. especially for "u know who" and it gets worse when you think that all our alternatives to OIL MONEY is being sold to FOREIGN INVESTORS 2 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Vansnickers: 6:53am On Jul 07, 2014 |
You haven't passed Jamb. You're here forming Forum Intellectual. Great Prof, post your research papers na. LOL! Just LOL! 3 Likes |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by kenbee(f): 6:54am On Jul 07, 2014 |
I always known before now that the vast land of Alaska and Texas has large chonk of crude. 1 Like |
Re: US Overtakes Saudi Arabia, Russia As Largest Oil Producer by Nobody: 6:59am On Jul 07, 2014 |
Smart peeps, Smart country... we don't care anyway 1 Like |
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