You Know that We Are FUCKED as a Nation When.....

And I argue that they are doing exactly what they are paid to do by industry and the 1% and buy the media to print the lies they tell the public so often that the lies take on the aura of truth.

Which is why you need to STFU.

Klobuchar says U.S. is world's No. 1 oil producer

http://www.politifact.com/truth-o-meter/statements/2015/jan/04/amy-klobuchar/klobuchar-says-us-worlds-no-1-oil-producer/

By Lauren Carroll on Sunday, January 4th, 2015 at 6:37 p.m.
Sens. Amy Klobuchar, D-Minn., and John Barasso, R-Wyo., discuss the Keystone XL pipeline on "Meet the Press" Jan. 4, 2015.

Considering the United States’ strength in energy production, the debate over building the Keystone XL pipeline has become a symbolic one, said Sen. Amy Klobuchar, D-Minn.

On NBC’s Meet the Press on Jan. 4, 2015, Sen. John Barrasso, R-Wyo., said the new Republican Congress’ first priority in 2015 will be to pass a bill approving construction of the oil pipeline, which would stretch from Canada to Steele City, Neb., where it would connect with an existing pipeline that goes to the coast of Texas.

Klobuchar responded by saying the project "has merit" but that the decision to build the pipeline should rest with President Barack Obama, not Congress. She said the debate has become a "symbolic" one that ignores America’s healthy energy market.

"We're now the no. 1 producer of oil in the world," she said. "We've surpassed Saudi Arabia."

We decided to check out the data and see if in fact the United States is the world’s top oil producer. As it turns out, the United States passed over Saudi Arabia about two years ago.

According to the U.S. Energy Information Administration, which tracks global energy production and consumption statistics, the United States has produced more oil than Saudi Arabia since the fourth quarter of 2012. American oil production surpassed Russia in 2011.

Here’s a chart showing the trend from the Energy Information Administration:



In the third quarter of 2014 -- the most recent available data -- the United States produced 14.2 million barrels of oil per day; Saudi Arabia produced 11.7 million per day; and Russia produced 10.5 million per day. Together, that’s about 40 percent of total global production.

This production growth has contributed to the United States’ ability to produce more oil than it imports for the first time in about 20 years.

The Energy Information Administration expects American production to continue to grow in 2015, despite recent lower crude oil prices.

Total oil production figures include crude oil, natural gas liquids and other liquid energy products.

On top of oil, the United States produces significantly more natural gas than Saudi Arabia. According to the Energy Information Administration, United States energy production is about evenly split between petroleum and natural gas. Saudi Arabia, on the other hand, primarily produces petroleum.

The majority of the United States’ oil production growth is concentrated in four regions: Bakken, N.D., Eagle Ford, Texas, the Niobrara region in the Upper Midwest, and the Permian Basin of Texas and New Mexico.

North Dakota and Texas together comprise almost 50 percent of all crude oil production in the United States -- compared to 2010, when the two states combined produced just 26 percent of all United States crude oil production.

In 2013, energy markets consultant group PIRA Energy published a report that said shale production is one of the driving forces behind the country’s production growth. Shale oil and gas are commonly associated with hydraulic fracturing, or fracking, which is the process of using water pressure to fracture a rock to release natural gas and oil. The United States is the world leader in shale gas production.

There is at least one piece of context to keep in mind when looking at the United States’ oil production compared to Saudi Arabia, noted Leonardo Maugeri, an associate at Harvard University’s Geopolitics of Energy project. Saudi Arabia has a higher capacity than the United States to produce oil, but it chooses not to use it all -- so as not to inundate the global oil market.

"In other words, if Saudi Arabia produced at full capacity -- as the U.S. does -- its production would be higher than the U.S.," Maugeri said.

Our ruling

Klobuchar said the United States is "now the No. 1 producer of oil in the world."

The latest global oil production statistics back up Klobuchar’s claim. The United States has been the world’s largest oil producer since late 2012. We rate her statement True.

No, the death committee sitting at the Insurance Company does.

I agree that selling our Petroleum Reserve is a mistake. Especially when the price is low. The Petroleum Reserve is supposed to be used for strategic emergencies, not to pay bills. Paying bills should be done in one of three ways. Either increase taxes, cut spending, or both. If I were stupid enough to sell our Petroleum Reserve, it would be when the prices were super high. That way we could at least get a lot more money for our mistake. I can't believe they are sacrificing our Petroleum Reserve, while the super wealthy corporations are getting away with murder in regard to their taxes. You got the money to pay our bills. All you have to do is stop the super wealthy corporations from having their way and getting away with murder.

http://www.wsj.com/articles/congress-eyes-sales-from-nations-oil-stockpile-for-highway-funding-1437609382

Buying at $75 and selling below $50, and paying for storage, is such a great idea!

We do need to refit at least one of the domes. And, at <4X10^6 bbl/day. itll take some time.


Why do we even need a SPR, we have as much oil and gas for another 75 years at 100% petroeconomy. When we store Brent, it gets all nasty and must be filtered and desulfurized cause it sours up.

Hell, I give a rats ass, Im building another company just plugging and capping existing gas wells.

I am not sold but Bill Gates is saying that America needs to be burning no fossil fuels by 2050. He has come down to saying that the only thing that will save the planet is a new cheap zero greenhouse gas producing energy source, and that we currently have no clue except for nuclear, which he rejects, at least in its current form. Gates is more optimistic than I about wind and solar power helping because he is sure that we can figure out energy storage. I think we might.

Interestingly enough I decided over 20 years ago that that the only thing that would save capitalism is a new very cheap non polluting energy source, so we are largely on the same page.

Gates to me from what I have read seems evasive on this question: is it even possible to deal with this problem effectively without a global government with a global military to impose global law? Is say no, he simply says that not having a global government makes it harder but he never explains how this can possibly work without one.

I would say that Gates is frantic, he thinks it is possible to solve this problem in the next 100 years but he says if we do it will be the biggest thing humans have ever done. I think quality of life on this planet declines for as far as the eye can see. The number one thing we need to do right now is emergency steps on population control.