U.S will become the world's largest oil producer

[Deleted]

The US is set to become the world’s largest oil producer, overtaking both Russia and Saudi Arabia.

According to the International Energy Agency (IEA), the US could become the highest producer in as little as 12 months.

“This year promises to be a record-setting one for the U.S.," stated the IEA in report on 19 January.

“Relentless growth should see the U.S. hit historic highs above 10 million barrels a day (in production), overtaking Saudi Arabia and rivaling Russia during the course of 2018 — provided OPEC and non-OPEC restraints remain in place,” the agency added.

The report falls inline with the future of crude seemingly hitting highs not seen since December 2014.

Brent crude futures reach US$70.37 per barrel on 22 January, above the global benchmark of $68.69 recorded just three days before.

"What we are trying to understand is the responsiveness of the U.S. shale producers. And because of the dynamism of the industry, the innovation and the vast number of players in that space … to some extent, we are in unchartered waters," reported Neil Atkinson, Head of the Oil Industry and Markets Division at the IEA.

http://www.energydigital.com/oil-gas...t-oil-producer

[XangXu]

Fuck America

Infracted

[Kiri]

The US is set to become the world’s largest oil producer, overtaking both Russia and Saudi Arabia.

http://www.energydigital.com/oil-gas...t-oil-producer

Isn't oil supply projected to surpass demand within that 12 months timeframe?

[Nutri]

While the rest of the world understands oil eventually runs out and renewable energy is the future, the US is handling that just surprisingly.... US like.

[XangXu]

Isn't that because the rest of the world stopped investing in it and sees more of a future in renewable energy?

Even the damn banks are pulling out and you know those guys go where the money is...

Is the USA going to be Venezuala 2.0 in the near future?

Did you see the recent story about schools in America moving to 4 day weeks so teachers could work at their part time jobs at Walmart?

Seriously, fuck America. It's burning.

[Stelio Kontos]

Fuck America

Maybe you should hustle a hard as you hate

[Spaze]

the us will be f*ck up the planet more than any other country

[Stelio Kontos]

So much salt in this thread.

I love it.

[Independent voter]

It makes our enemies suffer.

They should've been nicer to us.

[Deleted]

Did you see the recent story about schools in America moving to 4 day weeks so teachers could work at their part time jobs at Walmart?

Seriously, fuck America. It's burning.

Filthy chinese peasant or wherever you come from . We will be paying lowwwwwwww gas prices and we also lead in renewable energy than any other country, just because media doesnt write it doesnt mean its not true :P

So while we pay really low gas prices, you will get shafted hahahah. America isnt burning btw, so keep believing your hoax stories

Stfu and mind your own countries business

[Missed]

The USA are becoming detrimental to the evolution of a better society.

[Deleted]

It makes our enemies suffer.

They should've been nicer to us.

Your enemies are the entire rest of the world?

Fuck you too.

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Filthy chinese peasant or wherever you come from . We will be paying lowwwwwwww gas prices and we also lead in renewable energy than any other country, just because media doesnt write it doesnt mean its not true :P

So while we pay really low gas prices, you will get shafted hahahah. America isnt burning btw, so keep believing your hoax stories

Stfu and mind your own countries business

Looks like the 4 day week worked wonders for your education.

[PL-Cibo]

but why would they do that? there is currently no demand for that increase.
or maybe they want the press down prices? well good luck with that haha.

[Aggrophobic]

The US is set to become the world’s largest oil producer, overtaking both Russia and Saudi Arabia.

http://www.energydigital.com/oil-gas...t-oil-producer

Yeah becuase the rest of the world has realized that they can't use as much oil anymore. Who are they going to sell it to?

[Stelio Kontos]

A whole lot of nation-bashing going on in this topic.

Here's to hoping the mods get in here and deal with it.

[Deleted]

Your enemies are the entire rest of the world?

Fuck you too.

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Looks like the 4 day week worked wonders for your education.

Hmm....Maybe in a certain state but as far as i know we all go to school 5 days a week from 8:30am to 4pm. So again bring up some facts you sore loser, your so braindead its unthinkable!!! .

America shiit on you and you wont do anything to stop it.

We will be paying low prices while you get shafted. Enjoy buying those 20k cost electric cars so you can "reduce" your non existing global warming

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So many people from shiithole countries commenting on america

Show how obssessed you are with the country. You shiitholes

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Yeah becuase the rest of the world has realized that they can't use as much oil anymore.

How did you work that out ???????

[Deleted]

A whole lot of nation-bashing going on in this topic.

Here's to hoping the mods get in here and deal with it.

There do seem to be an awful lot of special snowflakes in the US. Do you people have to play the victim card all the time?

If people are going to brag about their oil production status it is fair to point that it is a depreciating and unfashionable asset. Like having the most physical video game stores or something, an indication of backwardness rather than progress.

[Stelio Kontos]

Wow, nation bashing against America, and now that brought in an American bashing folks from "shithole" countries.

What a dumpster fire of a topic.

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There do seem to be an awful lot of special snowflakes in the US. Do you people have to play the victim card all the time?

If people are going to brag about their oil production status it is fair to point that it is a depreciating and unfashionable asset. Like having the most physical video game stores or something, an indication of backwardness rather than progress.

I'm not American, brochacho.

[XDurionX]

Grats on bein leader in an soon-to-be-obsolete industry i guess.

[Puupi]

Hmm....Maybe in a certain state but as far as i know we all go to school 5 days a week from 8:30am to 4pm. So again bring up some facts you sore loser, your so braindead its unthinkable!!! .

America shiit on you and you wont do anything to stop it.

We will be paying low prices while you get shafted. Enjoy buying those 20k cost electric cars so you can "reduce" your non existing global warming

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So many people from shiithole countries commenting on america

Show how obssessed you are with the country. You shiitholes

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How did you work that out ???????

You were writing on some other account yesterday. Shiit I got you.