The Wall Street Journal reports:
The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding the clout of traditional energy-rich nations.
U.S. energy output has been surging in recent years, a comeback fueled by shale-rock formations of oil and natural gas that was unimaginable a decade ago. A Wall Street Journal analysis of global data shows that the U.S. is on track to pass Russia as the world’s largest producer of oil and gas combined this year—if it hasn’t already.
The U.S. ascendance comes as Russia has struggled to maintain its energy output and has yet to embrace technologies such as hydraulic fracturing that have boosted American reserves.
“This is a remarkable turn of events,” said Adam Sieminski, head of the U.S. Energy Information Administration. “This is a new era of thinking about market conditions, and opportunities created by these conditions, that you wouldn’t in a million years have dreamed about.”
Dear Steve:
This article and others mis-label oil as a “fossil fuel”. That’s not the origin of oil.
This is a recommendation for the book “The Great Oil
Conspiracy” by Dr. Jerome Corsi.
It explains how oil is actually produced underground. It’s not a fossil fuel —
no fossils found in it. Moreover, oil is not found with the actual fossil fuel coal.
Oil is formed with high pressure and high temperatures underground with carbon
dioxide and other ingredients.
You can contact the author by e-mailing me and I will relay for interview and
book review.
Sincerely,
Carl Olson
P. O. Box 6102
Woodland Hills, CA 91365
818-223-8080
Reblogged this on Mothers Against Wind Turbines and commented:
Fossil fuels can be burned cleanly, and efficiently!
No reason why they can’t stop the useless turbines…