The Briefing Room
General Category => Economy/Business => Topic started by: rangerrebew on March 11, 2019, 11:57:00 am
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US Set to Surpass Saudi Arabia as World’s Largest Oil Exporter
By Ivan Pentchoukov
March 10, 2019 Updated: March 10, 2019
The United States soon will export more oil than Saudi Arabia, becoming the world’s largest oil exporter for the first time in 60 years, according to projections by research firm Rystad Energy.
The boom in oil, liquid natural gas, and other liquid energy exports will last for years and be enough to erase America’s foreign debt and trade deficit, according to Per Magnus Nysveen, a senior partner at Rystad Energy.
Rystad forecasts that the United States will export more oil than Saudi Arabia by the third quarter of this year. The remarkable turnaround is being made possible by the growing production of shale oil and increased capacity for oil exports from the United States’ Gulf Coast, according to Rystad.
https://m.theepochtimes.com/united-states-to-surpass-saudi-arabia-and-become-worlds-largest-oil-exporter_2831829.html
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Once again, proving Obama did not know what he was talking about/
Error 404 (Not Found)!!1 (http://www.youtube.com/watch?v=Z96ZiaQbwqw#)
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...Currently, Saudi Arabia exports 7 million barrels of crude oil per day and 2 million barrels of liquid natural gas per day. The United States is exporting 3 million barrels of crude oil and 2 million barrels of liquid natural gas per day.
The United States will close the gap because of new pipelines bringing more oil to export hubs in Texas and Louisiana, according to Nysveen. Meanwhile, Rystad forecasts domestic oil production to rise by 1 million barrels per day this year.
“This means the U.S. is destined to soon outpace Saudi Arabia when it comes to gross exports of oil and petroleum products,†Nysveen said....
When did 3 + 1 become greater than 7?
Title does not match data. Not even close. Who writes this crap?
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Once again, proving Obama did not know what he was talking about/
Error 404 (Not Found)!!1 (http://www.youtube.com/watch?v=Z96ZiaQbwqw#)
Proving this author doesn't know what he is talking about either.