US could overtake Saudi Arabia and Russia as the largest crude oil producer – Pakistan oil and gas update

US could overtake Saudi Arabia and Russia as the largest crude oil producer – Pakistan oil and gas update

News reported that the United States is seeing a sharp rise in oil and gas production and may overtake the largest manufacturers in the world, Russia and Saudi Arabia over the next decade.
Mr. Daniel Sullivan, Commissioner, Alaska Department of Natural Resources said that "some of the worst numbers. In the last quarter of the U.S. made a 6 million barrels of conventional and unconventional oil per day. We have not done that in 15 years."
According to industry data compiler joint initiative of organizing the data, since 2008, the U.S. added 1.6 million barrels of additional oil, and in 2011, the U.S. recorded the largest increase in oil production in any country outside OPEC. These figures compared
with a daily output in March of about 9923000 barrels a day, Saudi Arabia, the largest producer in OPEC countries and Russia 9.920 million.
Mr. Sullivan said that he respected advice, PFC Energy has been estimated that by 2020, the U.S. could become the largest producer of hydrocarbon is oil and gas in the world, ahead of Russia and Saudi Arabia.
According to the U.S. Geological Survey in Alaska, alone, the potential of the coast was considered the largest in any country around 40 billion barrels of oil per usual.
Mr. Barack Obama President of the United States has shown that offshore oil resources can help mitigate global supply disruptions and his administration is trying to develop an energy strategy that balances business interests with environmental concerns, especially
in the Arctic.
In November, the Obama administration has proposed a new plan for oil and gas leasing in the Gulf of Mexico and off Alaska, including environmentally friendly Arctic. But it does not open for exploration of a politically sensitive Atlantic or Pacific Ocean
coastline, or the eastern Gulf of Mexico coast of Florida.
When he was faced with last minute, Shell plans to drill exploratory wells in northern Alaska in July, opening up new opportunities for oil exploration in previously untapped, untouched nature.
Mr. Sullivan argued that the benefits of the shift in energy security can be significant, particularly in terms of growth and jobs in a country where half the U.S. trade deficit due to oil imports. In 2010 to 2011, was 600,000 jobs created in the shale and
gas industry.
Mr. Pierre Gadon chairman of the World Energy Council has spent more than a gloomy global picture. The economic crisis means energy demand has slowed, although they have started to grow, and that oil prices remained high. The future growth of the prospect of
climate change and depletion of natural resources. Adding the main problems is to improve the security of energy supply, improve competitiveness and to combat energy poverty. We should recall that more than 1.3 billion people still lack access to electricity
in developing and developed countries. "

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Posted by Ahmed Tariq on Jun 19 2012. Filed under Pakistan, Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry