Skip to comments.U.S. expected to be largest producer of petroleum and natural gas hydrocarbons in 2013
Posted on 10/06/2013 12:51:25 AM PDT by 2ndDivisionVet
Source: U.S. Energy Information Administration Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu).
The U.S. Energy Information Administration estimates that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in 2013, surpassing Russia and Saudi Arabia. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production, on the other hand, heavily favors petroleum.
Since 2008, U.S. petroleum production has increased 7 quadrillion Btu, with dramatic growth in Texas and North Dakota. Natural gas production has increased by 3 quadrillion Btu over the same period, with much of this growth coming from the eastern United States. Russia and Saudi Arabia each increased their combined hydrocarbon output by about 1 quadrillion Btu over the past five years.
Comparisons of petroleum and natural gas production across countries are not always easy. Differences in energy content of crude oil, condensates, and natural gas produced throughout these countries make accurate conversions difficult. There are also questions regarding the inclusion of biofuels and refinery gain in the calculations. Total petroleum and natural gas hydrocarbon production estimates for the United States and Russia for 2011 and 2012 were roughly equivalentwithin 1 quadrillion Btu of one another. In 2013, however, the production estimates widen out, with the United States expected to outproduce Russia by 5 quadrillion Btu.
I don’t think we care who buys our oil as much as we care about what they buy it with.
My wife had Mexican style black beans with various peppers for dinner.
Now she is the world’s greatest natural gas producer, for the moment.
Glad I don’t smoke.
I thought FReepers were smarter than this?
Liberals love to make this argument. We are destroying our environment so we can export gas and oil to other countries.
I am waiting for greater export of oil, gas and coal. It is about time we turn this nation into a net exporter again.
We have a near unlimited supply of hydrocarbons that we are extracting safely, using American workers earning above-average wages.
We have discovered, extracted and transported this abundance without any government assistance.
Abundant energy means lower costs for US companies, a return of manufacturing to our shores and yes, lower energy costs for the poor and elderly.
Again, we did all this without a single dime from the government!
So, it pisses me off when stupid, short-sighted, uneducated people lament the export of something that will the be engine of our economy for the next 200 years.
This all happened since 2008?
That's just about the time all the libs were calling Sarah Palin a brain dead moron. I think they said it would take 20 years to see the results of new drilling.
Ya think they'll apologize?
Hydrocarbon has been made into a dirty word. I suggest we rebrand them with something different to make them sound more environmentally friendly. How about greeniedoodles?
The attorneys obama used to kill the coal industry have now been told to kill natural gas. The EPA will do it just as surely as they killed coal. It’s the 4th arm of government that obama has enacted to carry out his mission.
It is illegal to export oil, except to Mexico and Canada. Mexico doesn't need oil but exports of shale oil to eastern Canada are spiking, to replace the more expensive imported Brent crude from the north sea and Africa. Congress has to change the law to allow exports to other countries.
But we are exporting record amounts of refined oil, gasoline and diesel, to Latin America. And if the Alberta pipeline(Trans-Canada) to the gulf coast gets built, the export of refined product would increase.
As for natural gas, we are exporting larger and larger amounts to Mexico via pipeline. FERC and the Energy dept have permitted 4 companies to export natural gas to other parts of the world, 3 on the gulf coast and 1 on the Atlantic coast. The first of these is scheduled to begin exporting in 2015. Supposedly, more will be permitted, but the US manufacturing sector is complaining about this.
Also, because of the natural gas shortages back in 2000-2001, several companies were permitted to import natural gas in 2002. By the time that gas began to arrive(2010), the price of natural gas in the US was so low, the importers began diverting it to other parts of the world. The price of NG around the world is much higher than it is in the US.
Obama has permitted four companies to export natural gas. Cheneire, Freeport, and Southern Union on the gulf coast and Dominion in Maryland. Natural gas exports to Mexico are surging.
The majority of new electrical generating capacity being added in the US is natural gas fired. Wind is a distant second and coal is a distant third.
Obama loves natural gas.
Absolutely NO thanks to the anti-fossil fuel cult in the government and media for this blessing. This is entirely due to the U.S. oil companies and private land owners who developed these fabulous resources, while the EPA and the government’s lapdog media fought the energy industry tooth and nail. The Keystone XL pipeline is Exhibit A, when even the unions, begging for jobs, couldn’t get Obumbles and the tree-huggers to change their minds.
No Liberal tolerates, let alone loves, abundant, cheap energy. Especially in the hands of the peasants.
I’m in PA surrounded by anthracite. Might as well be ice in Antarctica.
Scroll thru the listed articles and you will see words like love, embrace, promote, praise, etc.
I realize that this doesn't match the rightwing rhetoric, and I know that the freepers love rhetoric, but reality is reality.
Let me throw you another one:
Obama opened the Chukchi Sea and Beaufort Sea in the Arctic to drilling for oil.
Obama opened more of the Alaska Strategic Reserve to oil drilling.
Obama opened the Monterey Shale in California to oil drilling.
Obama has allowed the California offshore platforms to frack, and dump their fracking fluids in the ocean.
Neither does it match the history of Liberalism/Marxism.
Nor am I recognizing the the list as either acceptance or concessions by the President of his wish to provide cheap, abundant energy to the country.
Without proof they are little more than simple window dressing, and without meaning.
At best, I'd say they are more likely proof that crony capitalism is the order of the day.
The left, Marxists, enviros, etc, don't like Obama anymore than you do.
They think that candidate Obama lied to them over CO2, War, drilling, national healthcare, and many other things.
I’m not sure what your point is?
Don’t worry future generations will exploit that coal.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.