Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:10 AM

Message Forum - Read Message

Category: General Gas Talk > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: USA Is Overtaking Russia as Largest Oil-and-Gas Producer Back to Topics
SUNLVR
Veteran Author
Phoenix

Posts:387
Points:866,640
Joined:Aug 2005
Message Posted: Oct 2, 2013 8:42:12 PM

U.S. Is Overtaking Russia as Largest Oil-and-Gas Producer
By RUSSELL GOLD and DANIEL GILBERT
Wall Street Journal – October 2, 2013, 8:10 p.m. EDT (5:10 p.m. MST)

“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 – a startling shift that is reshaping markets and eroding the clout of traditional energy-rich nations.”

http://online.wsj.com/article/SB10001424052702303492504579111360245276476.html
REPLIES (newest first) Post a Reply
zeroturbulence
Rookie Author San Bernardino

Posts:45
Points:3,190
Joined:Jun 2012
Message Posted: Oct 23, 2013 6:18:29 PM

Yes its true that the US is one of the largest producers of oil and gas but the problem is that US oil companies sell most of it overseas because they actually get a bigger profit selling it to other countries even with the expense of exporting it.
PithyOpiner
Champion Author Stockton

Posts:18,731
Points:2,105,945
Joined:Jun 2008
Message Posted: Oct 23, 2013 2:33:48 PM

This is going to make Mr Putin very angry. I sure hope he doesn't let fly with the missels over this.
MertieMan
Champion Author Lexington

Posts:18,174
Points:3,707,635
Joined:May 2005
Message Posted: Oct 5, 2013 7:52:17 AM

If this is indeed so, then why are we still experiencing astronomical gas prices at the pumps? This is like me finding something valuable and charging myself double the rate for it.
Glasman
Champion Author South Carolina

Posts:12,625
Points:1,467,875
Joined:Nov 2006
Message Posted: Oct 5, 2013 7:44:09 AM

careful: The hall monitor is at work-

watch what you say !
Glasman
Champion Author South Carolina

Posts:12,625
Points:1,467,875
Joined:Nov 2006
Message Posted: Oct 4, 2013 12:58:50 PM

how is that going to help me at the pump ?

RSVP
Maintroll
Champion Author Lexington

Posts:12,003
Points:2,514,710
Joined:Aug 2008
Message Posted: Oct 4, 2013 9:45:34 AM

Well good, and if we are, then why aren't the pump prices somewhat cheaper?
bluenvoy
Champion Author Nashville

Posts:17,387
Points:2,144,865
Joined:Oct 2005
Message Posted: Oct 3, 2013 9:54:33 AM

No thanks to Obama and the other Socialist/Communist Democrats.
forresj
Champion Author Wilmington

Posts:6,756
Points:1,326,210
Joined:May 2005
Message Posted: Oct 3, 2013 8:50:52 AM

It just means that Russia is inefficient in extracting oil from the ground compmared to the U.S. Russia has more oil reserves than the U.S. But they just suck in getting the oil out of the ground.
MertieMan
Champion Author Lexington

Posts:18,174
Points:3,707,635
Joined:May 2005
Message Posted: Oct 3, 2013 5:09:26 AM

Well, I'll be durned!
Gas_Buddy
Champion Author Maryland

Posts:30,903
Points:3,872,210
Joined:Aug 2004
Message Posted: Oct 2, 2013 9:34:04 PM

Is there a purpose to this thread other than providing a link to a news article? Is there a point of view you want us to take or should be be disagreeing with the article?

Said another way, as you didn't post any comments about the article or the story one way or another, why did you post it here in the General Gas Talk discussion category rather than in the daily news articles category?
Post a reply Back to Topics