US Surpasses Saudi Arabia In Oil Production

thanks to Infidel Bloggers for this

ed by midnight rider at 9:26:00 pm permanent link# 0 Comments

US Surpasses Saudi Arabia In Oil Production 

http://ibloga.blogspot.ca/

As Dave over at Ace of Spades says, "You'd think this'd be a big fuckin' deal"

In spite of the Obama Administration's hostility to carbon-rich energy, private actors with private capital deployed on private (and state) land have launched a game-changing revolution in domestic oil and natural gas production. 

A scarcely reported milestone conveys the magnitude of this turnaround in the global energy landscape. 

The U.S. passed Saudi Arabia as the world's largest petroleum producer in November 2012, according to recently released data of the federal Energy Information Administration. 

Over the last five years, domestic oil output has risen 40% and continually outpaces projections. Last year, domestic output increased by 800,000 barrels per day. This is the largest increase in annual production since the first oil well was drilled in 1859 in Pennsylvania 

Despite Obama shutting down production in the Gulf. Despite the EPA. Despite NY fiddle-farting around with permits for fracking. 

On private lands, open to production, we are now pumping more oil out of the ground than the Saudis. 

We still import, but one of the funny other unknown things is we import more from Canada than Saudi Arabia and have for years. While Obama and his EPA stall Keystone, the Eagle Ford field in south Texas has become the most productive oil and gas field in the world. In six years it grew from nothing to 375,000 barrels a day. $60 billion dollar a year impact to the Texas economy. 116,000 jobs (more than double the 48,000 in 2011). 

The fact that Obama is not bragging about this PROVES he does not want it to happen.

This President has done everything he can to shut down the Oil Industry. He has not been able to do so because Fracking on Private Land has made it possible for the Oil Industry to get to oil that was not previously thought to be attainable.

This is no thanks to Obama, not in the least.

How is it we have a President who watches America become so successful at something so important and he doesn't even celebrate at all?

Who elected this man, Honey Boo Boo?