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RJ

Fracking helped make the US the world’s oil king

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Good News!  The USA is leading oil production and that should start showing up at the Pump.

 

 

Fracking helped make the US the world’s oil king

By Post Editorial Board September 12, 2018 | 6:26pm

 

Move over, Russia — and Saudi Arabia, too: The United States is now the world’s largest producer of crude oil.

 

“US crude-oil production exceeded that of Saudi Arabia for the first time in more than two decades,” the US Energy Information Administration reported Tuesday. “In June and August, the United States surpassed Russia in crude-oil production for the first time since February 1999.”

 

That assessment confirms an International Energy Agency prediction in March that America would soon be No. 1, and it should keep that slot through 2019, at least.

 

Thanks to the fracking boom, US oil production has topped more than 10 million barrels per day this year — a first since the 1970s, Reuters reported.

 

The EIA expects US crude production to hit 11.5 million bpd next year, with growth likely leveling off as the increase in global demand slows.

 

Also thanks to fracking, US natural-gas production is similarly set to hit an all-time high this year: 80.96 billion cubic feet per day, up from 73.55 billion in 2017.

 

The energy boom, and the lower costs it means for manufacturing and other sectors, is a vital part of the overall US economic surge. Sadly, New York is seeing far less than its fair share of that prosperity, thanks to Gov. Cuomo’s pseudo-scientific ban on fracking. END

 

 

The People of NY State should rise up against him and the Far Left Broad that is in the Primary.  Both of the them are going to raise your taxes and turn NY State into a third world country like California.  Vote the Conservative and Republican  Ticket in November. 

 

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that's great news. we can continue to destroy ourselves for profits for a handful :)

 

 

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↑ ↑ - Seems better than supporting Whabbi, whilst we find alternatives. - ↑↑

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